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NASDAQ OMX introduces new pre- and post-trade risk management platform

First Published 29th January 2014

New TradeGuard solution to expand Access Services suite of risk management solutions.

New York - The NASDAQ OMX Group and its Access Services business have announced TradeGuard, a solution for all levels of risk management and an expansion of the enterprise risk management platform formerly known as FTEN. TradeGuard will allow customers to choose from a broad product suite for a range of risk management support, from building a customer risk solution to supplementing a current solution.

RiskXposure (RX), the risk management engine, will still serve as the central backbone of the TradeGuard platform. Customers will have access to all current solutions and new solutions offered by NASDAQ OMX's Access Services business.

TradeGuard's new suite features three products, new markets and asset classes, and improved gateways and risk monitoring systems.

  • RiskWay is a software based, trade control gateway for trading equities that allows customer to access multiple markets with latency below 10 microseconds and added risk controls provided by all products within the TradeGuard suite.
  • External Gateway Manager (EGM) is an intermediary solution that allows any third party gateways to be controlled by the TradeGuard RX engine to manage risk with pre-trade controls for protection against trading that violates pre-set limits.
  • Similar to EGM, Risk Wrapper is a post-trade and front-end tool designed to measure risk at the network level by capturing traffic directly and comparing the trading activity against all network traffic to identify any abnormal activity.


"As the risk needs of our customers have evolved, so have we," said Stacie Swanstrom, Senior Vice President of Access Services at NASDAQ OMX. "The metamorphosis of our risk management solutions into TradeGuard will allow our customers to leverage an all-inclusive platform to manage all levels of risk monitoring. TradeGuard's advanced suite of solutions will bring customers' risk management capabilities closer to the point of trade, empowering them with deeper insight to safely and effectively manage their businesses."

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