27 April 2015

Nasdaq OMX buys real-time risk specialist FTEN

16 December 2010  |  7999 views  |  0 Risk

Nasdaq OMX has agreed the acquisition of real-time risk management technology provider FTEN. Financial terms of the deal were not disclosed.

Privately-held FTEN was founded in 2001 by CEO Ted Myerson, with Merrill Lynch, Goldman Sachs, JPMorgan and Credit Suisse taking a minority equity interest in the firm in 2008.

The vendor helps brokers track and manage risks for their clients in real time, an increasingly valuable service as high-frequency trading becomes more popular and attracts greater regulatory scrutiny.

It claims to be the largest processor of real-time financial securities risk management on the planet, covering up to 17 billion executed shares of US equities a day, accounting for $150 billion in risk calculations.

Says Myerson: "We recognised early on that demand for pre-trade risk management tools would dramatically increase as the regulatory environment evolved and the need for comprehensive risk controls moved from niche to mainstream."

Eric Noll, EVP, transaction services, Nasdaq OMX, adds: "As part of Nasdaq OMX, FTEN will be able to increase its penetration globally, greatly broadening its distribution network beyond the US to a worldwide solution, while expanding its US customer base."

The move comes months after Nasdaq OMX agreed a deal to buy Smarts Group, a privately-held Australian provider of market surveillance systems to exchanges, regulators and brokers.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

13 December, 2010
27 July, 2010
28 April, 2010
30 October, 2008

Related company news

 

Top topics

Most viewed Most shared
Banks on the brink as customer experience...
8689 views comments | 46 tweets | 38 linkedin
Finextra Future Money Day 1 - Live blog
5694 views comments | 7 tweets | 5 linkedin
Future Money roundup: Big banks have their...
4838 views comments | 17 tweets | 9 linkedin
SunGard explores possible sale - Reuters
4335 views comments | 14 tweets | 8 linkedin
Commerzbank venture fund invests in eToro
4228 views comments | 10 tweets | 4 linkedin

Featured job

to GBP £80K base, double OTE
London, UK or Madrid, Spain

Find your next job