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Screenshot of a breaking news alert e-mail from Q2 2017
MarketFactory, the foreign exchange technology platform, has just announced the broad release of their new software product Reflector, a pre-trade risk management solution used by banks, prime brokers and funds to ensure trading limits are never broken.
Reflector addresses the need for risk management software that eliminates installation for the client, works with any FIX API, and monitors and balances all limits and positions across all trading venues. Additionally, it checks all orders pre-trade with a latency impact under three microseconds 99.999% of the time and supports over 60 trading venues.
Runaway algorithms or simply breaking a limit remain a major risk in an increasingly complex market,” said James Sinclair, Executive Chairman of MarketFactory. “We are very excited to see the positive impact that Reflector has for our customers. This includes both ensuring limits will be not be breached and allowing more efficient use of available credit.
MarketFactory’s software suite also includes, Whisperer, an API that connects 80+ foreign exchange venues for: taker, maker, spot, forwards, swaps, non-deliverable forwards and non-deliverable swaps. Whisperer is live with over 40 customers, including 25% of the Euromoney top 50 banks.