Source: Direct Edge
Direct Edge announces EdgeRisk Gateway, a new risk management tool that provides a dedicated access gateway for trading on the EDGA Exchange (EDGA) and EDGX Exchange (EDGX).
Access gateways perform order validations and manage the flow of information between the order matching engines and the EDGX and/or EDGA Member.
EdgeRisk Gateway is an optional, fee-based service available to market participants who want additional protection against the potential risks of shared infrastructure. Such risks can include performance degradation or disruptions in service resulting from sharp increases in the order activity of other Exchange members. EdgeRisk Gateway subscriptions are available on a month-to-month basis with a 30-day cancellation policy.