FTEN Trade Control Gateways
Changing Market Access RequirementsTrading firms need fast, reliable and scalable access to
market centers and liquidity pools in order to be competitive.
Likewise current regulation demands that brokers
demonstrate controls to meet todays risk management
requirements along with the flexibility to adapt to tomorrows
market structure and technological innovations.
Compounding the access challenge are the significant
integration requirements related to tracking activity and
performing risk management across different systems,
desks, and asset classes. Traditional trading architecture
makes it nearly impossible to assess a clients overall credit
positions and apply appropriate limits. The impact? Firms
spend too much time managing costly IT/infrastructure
requirements at the expense of their core value-added
business: trading.
Tailored, Global AccessThe FTEN Trade Control Gateways are designed to
meet the needs of each firms unique systems and
strategies. They provide a wide range of firms from
larger investment banks, to regional or boutique firms
with high-performance access to multiple liquidity
destinations through a single interface.
Seamlessly integrated into each clients trading
environment, FTEN Trade Control Gateways are
tailored to meet firm-specific latency and connectivity
requirements and can process orders and receive
executions from major liquidity destinations and
global market centers. The solution is trusted for
performance and throughput, handling over a billion
trades on a daily basis and providing users with a
feature-rich experience that includes load balancing,
protocol conversion, and a full monitoring suite.
Gateway customers also benefit from NASDAQ OMXs
state-of-the-art high-speed network and unparalleled
connectivity options.
Integrated Risk ControlFTEN Trade Control Gateways are integrated with FTENs
risk engine, RiskXposure (RX), to enforce pre-, at- and
post-trade risk checks that protect against trading
risk and credit exposure. RX features an easy-to-use
dashboard featuring aggregated, real-time views of
user trading activity across all trading platforms, market
venues, and asset classes utilizing FTENs global drop
copy network.
FTEN processes over a billion trades daily >>
FTEN VelocityXpress (VX) and VX Proxy GatewaysFTEN VX gateways are fully managed trade control gateways for low-latency market access integrated with the FTEN RiskXposure for pre-trade risk control. The gateways provide live order book updates, risk management and message translation with minimal latency. They can be deployed in an FTEN data center, at a clients site, or third-party co-location provider.
FTEN Software ControlsFTEN Sidecar is a lightweight Java application that integrates third-party trading systems with FTEN RiskXposure (RX) to enable real-time analysis of orders against RX designated parameters with minimal added latency.
FTEN also offers direct API interfaces to FTEN RiskXposure, enabling enforcement of true pre-, at- and post- trade risk controls on compatible third party gateways. Used alone or in combination with hardware options, the software controls provide the flexibility, speed and functionality to meet any traders needs.
FTEN Hardware ControlsFTEN utilizes various network devices to enforce controls on trading activity within FTEN or third-party trading environments. These purpose-built, hardware-based trade control systems can halt client order flow in the event of a breach condition on both a pre- or post- trade basis depending on configuration and placement, with minimal additional latency.
Transparency, access and control on a single platform across markets, assets, and systemsUtilizing FTEN, firms can:
> Leverage seamless, scalable, and low-latency access to major global market centers and liquidity pools from a single platform
> Eliminate the need to support multiple exchange protocols by utilizing streamlined format translation capabilities across global markets
> Ensure orders and cancel instructions are submitted to the market without delay through FTENs load balancing capabilities, which seamlessly balance order entry across multiple exchange ports
> Restrict users to orders that will liquidate excessive positions in the case of a limit breach via robust limit setting capabilities
> View real-time trading activity on a comprehensive dashboard with order and Fix tag level detail
Benefits unique to FTEN Trade Control Gateways
> Ability to control risk with global scope and at a granular level, setting parameters by account, client, market and asset class
> Brokers and traders can monitor all orders and executions on a single dashboard, and drill down to details of any order
> Trade Control Gateways are integrated elements of the FTEN platform, a full complement of end-to-end services that FTEN manages with 24/6 support
Flexible Deployment OptionsFTEN Trade Control Gateways can be implemented within
a firms infrastructure or as a fully managed and hosted
solution within FTEN co-location facilities. For high
frequency trading firms, FTEN can optimize hardware,
network infrastructure, and connectivity in addition to
providing tools for measuring latency. Additionally, FTENs
extensive experience with a wide range of implementations
enables clients to be onboarded rapidly, with consistent
uptime and proactive, 24/6 support.
Fully-managed solutions 24 x 6 global support >>
Customize layouts to quickly and easily view and search for orders as needed. View open inbound/outbound orders, trades broken by exchanges/venues, unacknowledged orders, symbols traded, and a variety of other attributes for unparalleled visibility into trading activity.
Experienced SupportAcquiring and maintaining staff that have domain
expertise with the full range of native destination
protocols, and the proficiency to design and support
an ultra low latency trading architecture can be both
costly and difficult. Traditional trading platform support
staff are seldom trained to diagnose latency and
connection problems or assist clients in reconfiguring
trade connectivity on the fly.
Firms can leverage FTENs extensive knowledge and
experience designing, optimizing and monitoring
connectivity and trading architecture to lower the
financial burden of platform support and achieve
operational excellence. FTEN works with firms to design
high-performance trading environments with the
appropriate risk controls, network configurations and
infrastructure needed to keep their clients and their
own trading environments running at full speed with
unprecedented uptime.
About FTENFTEN provides traders, brokers and clearing firms
with comprehensive risk management and execution
infrastructure tools that help them minimize risks
and ultimately increase profits in increasingly
regulated, latency sensitive, high-volume and global
trading environments.
FTENs risk platform is the product of a unique 10-year
focus on the regulatory and risk management challenges
facing the trading community. This focus has resulted
in proven systems that enable firms to monitor and
manage their risk exposure across markets, asset classes,
regions and accounts in real-time through flexible pre-,
at- and post-trade controls.
Organizations that use FTENs patented technology are
able to integrate front- and back-office systems and
processes and ultimately attract more clients with greater
returns on less capital.
Contact Information:[email protected] | WWW.FTEN.COM
Americas One Liberty Plaza, 51st Floor New York, NY 10006 United States +1 212 808 8440
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2012 FTEN. All rights reserved. FTEN, RiskXposure, RX, VelocityXpress, VX, VX Proxy, Sidecar and the FTEN globe logo are registered and unregistered trademarks of FTEN in the U.S. and other countries. NASDAQ OMX is a registered and/or unregistered trademark of The NASDAQ OMX Group in the U.S. and other countries. Java is a registered trademark of Oracle and/or its affiliates. Q12-0477
