ADP Brokerage Services Group announced today an alliance with Advanced Trading Solutions (ATS) to offer ATS’s risk management workflow and reporting tool, RiskMon to ADP’s 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 exposure. It is integrated with ADP’s Brokerage Processing Services (BPS) back-office platform, leveraging BPS’s real-time functionality and capabilities to provide for a straight through processing (STP) solution for the management of market and liquidity risk, and various aspects of credit and operational risk. BPS clients can access RiskMon through a high-performance intranet interface that will provide real-time alert and “what if analysis” functionality for margin risk monitoring and management.
Marianne Brown, senior vice president and general manager of ADP Brokerage Processing Services commented, “We are pleased to announce this alliance. Effective management of credit and liquidity risk is a key operational mandate in today’s trading environment. 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.”
“ATS is delighted to be in an alliance with ADP, the premier global financial services provider, to provide this much-needed tool to the brokerage industry. With ADP’s considerable account management, client services and development resources, we look forward to making every RiskMon implementation a complete success for all clients,” commented Sam Gabor, president of Advanced Trading Solutions.
ADP is in talks with several clients to implement this solution.