The Nasdaq Stock Market is considering incorporating new risk management products on its trading platform, Securities Industry News Online reported Thursday. They are aimed at all Nasdaq participants, including clearing firms, prime brokers, sponsored access providers, proprietary trading firms and retail brokers.
“From our standpoint it’s an exciting response to a trend we’re seeing in the industry: that the customer base–the institutions, hedge funds and even retail–is getting closer and closer to the market,” said Chris Concannon, executive vice president of Nasdaq transaction services, at a press conference. “As the intermediaries, the brokers, become more electronic … their risk and their controls are being limited. So the more we can introduce risk management into our destination, the better it is for these customers.”