Governance, Risk & Compliance

Governance, Risk & Compliance

September 29, 2011

Fundamental Interactions Deploys Options IT's FIN FastProxy Pre-Trade Risk Management Application

Options IT, the provider of the Options PIPE Private Financial Cloud services platform for the sellside and buyside, recently announced in a press release that its FIN FastProxy pre-trade risk management application on the Options PIPE platform has been selected by Fundamental Interactions, a provider of low-latency market data, risk management, and order routing and crossing solutions.

The solution comprises FIN Trading Appliance, an all-in-one low-latency solution for market data, algorithmic execution, order routing and compliance; and FIN Virtual Exchange, the firm’s broker crossing, exchange, and ATS engine.

“The SEC’s (News - Alert) new market access rule has shifted the industry’s race to zero latency into overdrive, as compliant risk management solutions are now being benchmarked in microseconds,” said Julian Jacobson, President at Fundamental Interactions, in a statement. “With the November compliance deadline two months away, deployment speed is becoming increasingly critical to both brokers and buy-side firms. We’re delighted to work with Options IT to offer a private cloud-based solution for clients to test and deploy well ahead of the compliance deadline.”

Nigel Kneafsey, CEO at Options IT, added: “Rule 15c3-5 is one of the most significant pieces of regulation to come down in years. We’re delighted to work with Fundamental Interactions to provide a cost-efficient and private-cloud deployed pre-trade risk management solution for brokers, eliminating the need for firms to build new or reengineer existing execution platforms to comply.”

Provider of the global Options PIPE® Private Financial Cloudservices platform, Options IT offers ultra-low latency market data, connectivity and fully managed application hosting services to the banking, trading and investment community. Combining innovative technology solutions with highly experienced technology management and support staff, the Options PIPEplatform provides a complete financial technology infrastructure as a pay-as-you-use service for more than 120 clients across North America, Europe and Asia.

Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.

Edited by Chris DiMarco


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