22 July 2014

CQG and TTC team on real-time risk management

02 April 2014  |  472 views  |  0 Source: The Technancial Company Ltd.

The Technancial Company Ltd. (TTC) and CQG, Inc. have agreed to integrate TTC's Janus Risk Manager, a real-time, pre-trade, and post-order risk monitoring system with CQG's market data and trading infrastructure via FIX/Fast APIs.

TTC will connect JANUS Risk Manager to CQG's market data, instrument master, FIX drop copy service, as well as order routing interfaces. .This integration gives CQG users the opportunity to fine-tune risk management not only on the basis of post-trade volume and P&L checks, but also with more sophisticated aggregated risk checks. These include pending orders and controlling risk using exchange margin calculations on multiple portfolios in an FCM or trading company's environment. This helps both the trader and the FCM manage risk and optimize intraday margin use, giving both the comfort that each party's primary concerns are well-addressed: Traders can now utilize more of their collateral to trade, while clearers will be able to dynamically and economically control risk for traders, groups of traders, and even third-party non-clearing FCMs' exposure to the market.

This co-operation utilizes the best of CQG's high-speed market access and global reach, hand in hand with TTC's nearly 10 years of experience in managing brokers' and traders' buying power accurately and quickly. TTC's 70+ possible risk controls, more than 60 Exchange Initial Margin algorithms, combined with CQG's broad range of professional trading tools and markets, provides a level of service that is a required benchmark for most of today's market participants.

Mike Glista, Director of Order Routing at CQG, commented, "This is another step towards ensuring that the integrity of market participants is assured - and at the same time, the FCM business can continue to grow and be ever more efficient in a marketplace where margins are very tight."

TTC's Mirko Marcadella, Global Head of Business Development added: "," Traders and fund managers may also use this to assess the effect of new or reduced positions on their portfolios, optimizing their exposure to the market and their cash management intraday, and minimizing effort in actively managing collateral allocation as the position and the markets change."

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