FTEN and Object Trading Offer Transparent Real-Time Risk Controls and Global Cross-Market Access
FTEN
14.12.2011 09:00
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NEW YORK and LONDON, 2011-12-14 09:00 CET (GLOBE NEWSWIRE) --
FTEN, a NASDAQ OMX company, and Object Trading today announced an alliance
which will offer cross-market and cross-asset transparency by providing dynamic
pre-trade, at-trade and post-trade controls for broker-dealers who need a risk
management solution to meet the global requirements of new and pending
regulations. Customers may leverage solutions from both FTEN and Object Trading
to efficiently monitor and manage risk across multiple asset classes and global
trading venues from a central point of awareness and control in real time.
FTEN's RX(r), which uses a patented, real-time risk management system with depth
of data and proven market access infrastructure, may now leverage Object
Trading's FrontRunner(r) trading gateways and real-time market data to broaden
direct market access (DMA) enhancing the ability of clients to manage and
allocate risk on a global basis. Object Trading's FrontRunner(r) suite
compliments FTEN's services by providing open access risk constraints at every
global trading gateway for another level of pre-trade control over all trade
orders.
In order to reduce systemic risk with regard to high-speed trade flow, the
alliance between FTEN and Object Trading will enable combined use of the
following real-time risk management capabilities:
-- Pre-Trade Controls - controls in place prior to submission of orders to
trading platforms;
-- At-Trade Controls - controls in place immediately after submission of
orders to trading platforms;
-- Immediate Post-Trade Controls - controls in place after submission of
orders to trading platforms later in time than at-trade controls;
Ted Myerson, Chief Executive Officer of FTEN, said, 'FTEN serves market
participants whose interaction is fragmented by numerous trading platforms,
disparate trading systems, and multiple asset classes. As regulators across the
globe are focusing on risk management standards that move beyond traditional
and largely post-trade methods of dealing with infractions via regulatory
audits, penalties and sanctions, broker-dealers need sufficient control
mechanisms that can cooperatively manage risk across their global trading
operations in real-time.'
He added, 'FTEN's alliance with Object Trading and their well-respected DMA
offering will enable us both to better serve the industry to meet these
requirements, as our customers evolve their trading businesses into additional
asset classes and marketplaces.'
Steve Woodyatt, Chief Executive Officer of Object Trading, said, 'Object
Trading has always focused on providing customers and partners best-of-breed
global market access with in line real-time risk tools.'
He added, 'Leveraging FTEN's industry-leading risk management technology, we
are able to collaborate and provide the missing link between pre-trade,
at-trade and post-trade risk management while meeting the ever increasing
requirements of global cross-market cross-asset trade transparency.'
About FTEN:
FTEN, a NASDAQ OMX company, offers real-time, cross-market risk management
solutions that provide market participants with transparency and control over
their global trading activity. Our mission is to help firms build and grow
their electronic trading businesses by enabling more efficient use of capital
and providing tools to facilitate a full regulatory compliance program.
FTEN's patented technology allows users to monitor their aggregate intraday
risk profile on a global basis. We have a highly scalable and reliable market
access platform that connects to all major pools of liquidity and supports
multiple asset classes. Our systems provide pre-, at- and post-trade risk,
compliance and reporting solutions that satisfy even the most latency sensitive
users. FTEN is a trademark of FTEN, Inc.
To learn more, visit www.ften.com
About Object Trading:
Object Trading provides buy- and sell-side market participants with flexible,
counterparty neutral Direct Market Access (DMA) infrastructure for electronic
exchange connectivity. Integrated via either a rich professional API or
industry standard FIX protocol they offer standardized connectivity for over 50
major international venues, specifically engineered for high performance
trading applications. Object Trading's FrontRunner suite offers low latency,
high volume order management, coupled with integrated real-time price
distribution and in-line pre-trade risk management, enabling supervisory
control. Object Trading has offices in London, Chicago and Sydney.
To learn more, visit www.objecttrading.com
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are
made under the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements include, but are not limited to,
statements about the alliance between FTEN and Object Trading and FTEN's
products and offerings. We caution that these statements are not guarantees of
future performance. Actual results may differ materially from those expressed
or implied in the forward-looking statements. Forward-looking statements
involve a number of risks, uncertainties or other factors beyond our control.
These factors include, but are not limited to, factors detailed in NASDAQ OMX's
annual report on Form 10-K, and periodic reports filed with the U.S. Securities
and Exchange Commission. We undertake no obligation to release any revisions to
any forward-looking statements.
NDAQG
CONTACT: FTEN:
Robert Madden
+1 646 441 5045 (office)
Robert.Madden@NASDAQOMX.com
Object Trading:
Paul Johansen
+1 212 722 2771
Paul.Johansen@ObjectTrading.com
News Source: NASDAQ OMX
14.12.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: FTEN
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901830144
WKN:
End of Announcement DGAP News-Service
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FTEN
14.12.2011 09:00
---------------------------------------------------------------------------
NEW YORK and LONDON, 2011-12-14 09:00 CET (GLOBE NEWSWIRE) --
FTEN, a NASDAQ OMX company, and Object Trading today announced an alliance
which will offer cross-market and cross-asset transparency by providing dynamic
pre-trade, at-trade and post-trade controls for broker-dealers who need a risk
management solution to meet the global requirements of new and pending
regulations. Customers may leverage solutions from both FTEN and Object Trading
to efficiently monitor and manage risk across multiple asset classes and global
trading venues from a central point of awareness and control in real time.
FTEN's RX(r), which uses a patented, real-time risk management system with depth
of data and proven market access infrastructure, may now leverage Object
Trading's FrontRunner(r) trading gateways and real-time market data to broaden
direct market access (DMA) enhancing the ability of clients to manage and
allocate risk on a global basis. Object Trading's FrontRunner(r) suite
compliments FTEN's services by providing open access risk constraints at every
global trading gateway for another level of pre-trade control over all trade
orders.
In order to reduce systemic risk with regard to high-speed trade flow, the
alliance between FTEN and Object Trading will enable combined use of the
following real-time risk management capabilities:
-- Pre-Trade Controls - controls in place prior to submission of orders to
trading platforms;
-- At-Trade Controls - controls in place immediately after submission of
orders to trading platforms;
-- Immediate Post-Trade Controls - controls in place after submission of
orders to trading platforms later in time than at-trade controls;
Ted Myerson, Chief Executive Officer of FTEN, said, 'FTEN serves market
participants whose interaction is fragmented by numerous trading platforms,
disparate trading systems, and multiple asset classes. As regulators across the
globe are focusing on risk management standards that move beyond traditional
and largely post-trade methods of dealing with infractions via regulatory
audits, penalties and sanctions, broker-dealers need sufficient control
mechanisms that can cooperatively manage risk across their global trading
operations in real-time.'
He added, 'FTEN's alliance with Object Trading and their well-respected DMA
offering will enable us both to better serve the industry to meet these
requirements, as our customers evolve their trading businesses into additional
asset classes and marketplaces.'
Steve Woodyatt, Chief Executive Officer of Object Trading, said, 'Object
Trading has always focused on providing customers and partners best-of-breed
global market access with in line real-time risk tools.'
He added, 'Leveraging FTEN's industry-leading risk management technology, we
are able to collaborate and provide the missing link between pre-trade,
at-trade and post-trade risk management while meeting the ever increasing
requirements of global cross-market cross-asset trade transparency.'
About FTEN:
FTEN, a NASDAQ OMX company, offers real-time, cross-market risk management
solutions that provide market participants with transparency and control over
their global trading activity. Our mission is to help firms build and grow
their electronic trading businesses by enabling more efficient use of capital
and providing tools to facilitate a full regulatory compliance program.
FTEN's patented technology allows users to monitor their aggregate intraday
risk profile on a global basis. We have a highly scalable and reliable market
access platform that connects to all major pools of liquidity and supports
multiple asset classes. Our systems provide pre-, at- and post-trade risk,
compliance and reporting solutions that satisfy even the most latency sensitive
users. FTEN is a trademark of FTEN, Inc.
To learn more, visit www.ften.com
About Object Trading:
Object Trading provides buy- and sell-side market participants with flexible,
counterparty neutral Direct Market Access (DMA) infrastructure for electronic
exchange connectivity. Integrated via either a rich professional API or
industry standard FIX protocol they offer standardized connectivity for over 50
major international venues, specifically engineered for high performance
trading applications. Object Trading's FrontRunner suite offers low latency,
high volume order management, coupled with integrated real-time price
distribution and in-line pre-trade risk management, enabling supervisory
control. Object Trading has offices in London, Chicago and Sydney.
To learn more, visit www.objecttrading.com
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are
made under the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements include, but are not limited to,
statements about the alliance between FTEN and Object Trading and FTEN's
products and offerings. We caution that these statements are not guarantees of
future performance. Actual results may differ materially from those expressed
or implied in the forward-looking statements. Forward-looking statements
involve a number of risks, uncertainties or other factors beyond our control.
These factors include, but are not limited to, factors detailed in NASDAQ OMX's
annual report on Form 10-K, and periodic reports filed with the U.S. Securities
and Exchange Commission. We undertake no obligation to release any revisions to
any forward-looking statements.
NDAQG
CONTACT: FTEN:
Robert Madden
+1 646 441 5045 (office)
Robert.Madden@NASDAQOMX.com
Object Trading:
Paul Johansen
+1 212 722 2771
Paul.Johansen@ObjectTrading.com
News Source: NASDAQ OMX
14.12.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: FTEN
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901830144
WKN:
End of Announcement DGAP News-Service
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