London-based propriety trading house macfutures has purchased Future Dynamics' rollcage system for real-time risk management.
Rollcage is a post-trade risk management tool that is part of Future Dynamics straight-through processing trading suite. It is designed to manage the risk of client portfolios in real-time as opposed to T+1 day.
The system can support trades executed in both open outcry and electronic environments and across different market time zones. Rollcage takes the start of day clearing data from back office systems and incorporates this data into the overall risk management profile.
Oliver Jones, director of risk management of macfutures, says the rollcage product is unique in its ability to monitor risk regardless of the trading applications used. "The ability to update traders risk exposure, including give-ups in real time, makes this a key component for risk managers in controlling and auditing trading activities on multiple trading applications over multiple exchanges traded from multiple trading sites," he says.
Macfutures, which claims to have the most consistently profitable electronic derivatives traders in London, is preparing to open offices in Chicago, Paris, Sydney and Gibraltar.