ADP Brokerage Services Group (ADP) is to provide Advanced Trading System's (ATS) risk management workflow and reporting tool, RiskMon, to its back office outsourcing clients on an application service provider (ASP) basis.
RiskMon is an automated workflow and processing tool that tracks and alerts risk management and operations staff to potential margin risk exposures.
The tool will be integrated with ADP Brokerage Processing Services' (BPS) back-office platform and provides a STP solution for the management of both market and liquidity risk and various aspects of credit and operational risk. BPS clients will be able to access RiskMon through an Intranet interface that will provide a real-time alert and 'what if' analysis.
Marianne Brown, senior vice president and general manager of ADP BPS, says: "By combining the functionality of RiskMon with ADP's back-office processing capabilities in this ASP offering, we can provide our clients with a full-featured and cost-effective solution to manage and monitor market risk and exposure."
ADP says it is in talks with several clients to implement the solution.