Nyse Technologies, the commercial technology unit of Nyse Euronext (NYX), today announced the U.S. launch of its new post-trade monitoring tool, Trade Exception Radar.
The product, hosted in the NYSE Technologies U.S. Liquidity Center in Mahwah, is designed to offer fully automated surveillance and compliance capabilities across asset classes. Trade Exception Radar provides real-time performance with a complete audit trail. It helps firms collect and analyze trading patterns, detect and identify potential trading issues, and monitor trading patterns in real-time.
The Trade Exception Radar provides comprehensive post-trade monitoring capabilities alongside a fully automated workflow that tracks trading patterns in real-time with detailed compliance and regulatory reporting. The tool also features an audit trail that includes surveillance of executed trades to alerting, escalation, resolution, and reporting all in sync with regulatory compliance. In addition, the Trader Exception Radar has the ability to interface with multiple Order Management Systems (OMSs) and provide real-time ID and alerting of trade exception problems.
"The Trade Exception Radar is a key piece of our full risk protection suite, which covers all aspects of trading controls from pre-trade to at-trade, and now to post-trade," said Dan Romanelli, Vice President, NYSE Technologies. "This ultra-low latency trading tool simplifies the compliance, surveillance, and reporting process by allowing firms to manage all these different components in one fully integrated product. Through our risk management suite, firms will now have the security of an all-inclusive monitoring and compliance solution that will allow them to focus more on their core business while maintaining regulatory best practices."
The Trade Exception Radar is a part of NYSE Technologies' comprehensive suite of trade monitoring solutions which also includes the Risk Management Gateway (RMG), a high throughput, low-latency routing and risk management engine with detailed risk checks and reporting capabilities. With this new product, NYSE Technologies now offers a turn-key risk prisk protection suite available through the Capital Markets Community Platform that covers the full order execution cycle.