ACTIV Financial is bringing its TradeDeck solution, an ultra-low-latency pre-trade risk gateway, to Canadian equities, options and futures exchanges.
The move comes ahead of requirements by the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC), which will require pre-trade risk checks across asset classes when the requiremenst go live in March.
TradeDeck offers broker control over pre-trade risk, with real-time intraday adjustment, order monitoring and a kill switch for trading activity. It also offers credit controls, which allow intraday margin calculations that work in conjunction with the pre-trade risk modules for applying limits to the notional value, buying power and concentrated positions.
ACTIV is committed to meeting the evolving needs of our clients in todays dynamic regulatory environment, says Will Kennedy, executive vice president for Global Strategy and Business Development at ACTIV Financial. By extending TradeDeck beyond the border to Canada to help our clients comply with Canadian IIROC and CSA, TradeDeck provides complete North American coverage, offering a full suite of market data and managed services for our customers in the region.
(CG)