RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, is implementing risk management technology from London-based trading technology vendor Patsystems across its futures division.
RBC will use the vendor's Risk Informer system to manage risk for all exchange-traded futures and options contracts.
Patsystems says the technology will monitor clients' aggregated risk in real-time across all trading activities, providing monitoring and automatic notification of limit breaches.
Risk Informer is a standalone system built to monitor and manage risk in real-time on multi-asset classes executed through any trading platform. Patsystems acquired the technology when it bought London-based trading technology vendor Tamesis in 2005.
Patrick Kenny, MD and officer, Patsystems, North America, says the vendor expects its risk technology to be in "significant demand" as banks place more focus on risk management systems.