Customers may leverage solutions from both FTEN and Object Trading to efficiently monitor and manage risk across multiple asset classes and global trading venues from a central point of awareness and control in real time.

FTEN's RX, which uses a patented, real-time risk management system with depth of data and proven market access infrastructure, may now leverage Object Trading's FrontRunner trading gateways and real-time market data to broaden direct market access (DMA) enhancing the ability of clients to manage and allocate risk on a global basis. Object Trading's FrontRunner suite compliments FTEN's services by providing open access risk constraints at every global trading gateway for another level of pre-trade control over all trade orders.

In order to reduce systemic risk with regard to high-speed trade flow, the alliance between FTEN and Object Trading will enable combined use of the following real-time risk management capabilities:
• Pre-Trade Controls - controls in place prior to submission of orders to trading platforms;
• At-Trade Controls - controls in place immediately after submission of orders to trading platforms;
• Immediate Post-Trade Controls - controls in place after submission of orders to trading platforms later in time than at-trade controls;

Ted Myerson, Chief Executive Officer of FTEN, said, "FTEN serves market participants whose interaction is fragmented by numerous trading platforms, disparate trading systems, and multiple asset classes. As regulators across the globe are focusing on risk management standards that move beyond traditional and largely post-trade methods of dealing with infractions via regulatory audits, penalties and sanctions, broker-dealers need sufficient control mechanisms that can cooperatively manage risk across their global trading operations in real-time."

He added, "FTEN's alliance with Object Trading and their well-respected DMA offering will enable us both to better serve the industry to meet these requirements, as our customers evolve their trading businesses into additional asset classes and marketplaces."
Steve Woodyatt, Chief Executive Officer of Object Trading, said, "Object Trading has always focused on providing customers and partners best-of-breed global market access with in line real-time risk tools."

He added, "Leveraging FTEN's industry-leading risk management technology, we are able to collaborate and provide the missing link between pre-trade, at-trade and post-trade risk management while meeting the ever increasing requirements of global cross-market cross-asset trade transparency."