10 December 2016
Visit aciworldwide.com

ISE brings in exposure 'speed bumps' for market makers

21 February 2014  |  1769 views  |  0 Source: ISE

The International Securities Exchange Holdings, Inc. today announced that its exchanges ISE and ISE GeminiTM have enhanced their risk management capabilities for market makers by implementing a Market Wide Speed Bump.

The Market Wide Speed Bump improves risk management by limiting a market maker's total exposure across a market. As part of the exchanges' existing portfolio of risk management offerings, market makers are required to set risk thresholds for each options class they are quoting. The Market Wide Speed Bump is activated automatically if these thresholds are breached for multiple products within a specified time period, and all quotes for that market maker are then inactivated.

"The implementation of the Market Wide Speed Bump provides our members with an across-the-market safeguard over their quoting activity," said Boris Ilyevsky, Managing Director. "This enhancement demonstrates our ongoing commitment to providing our market makers with sophisticated risk management tools and to protecting market integrity and resilience for all exchange members."

The Market Wide Speed Bump was implemented on February 18, 2014 and is mandatory for all market makers.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit aciworldwide.comVisit VocaLink.comFind out more

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8618 views comments | 39 tweets | 31 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8262 views comments | 37 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8052 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7214 views comments | 24 tweets | 13 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6869 views comments | 20 tweets | 24 linkedin

Featured job

Find your next job