FTEN Trade Control Gateways
Changing Market Access
Requirements
Trading firms need fast, reliable and scalable access to
market centers and liquidity pools in order to be competitive.
Likewise current regulation demands that brokers
demonstrate controls to meet today’s risk management
requirements along with the flexibility to adapt to tomorrow’s
market structure and technological innovations.
Compounding the access challenge are the significant
integration requirements related to tracking activity and
performing risk management across different systems,
desks, and asset classes. Traditional trading architecture
makes it nearly impossible to assess a client’s overall credit
positions and apply appropriate limits. The impact? Firms
spend too much time managing costly IT/infrastructure
requirements at the expense of their core value-added
business: trading.
Tailored, Global Access
Integrated Risk Control
The FTEN Trade Control Gateways are designed to
FTEN Trade Control Gateways are integrated with FTEN’s
meet the needs of each firm’s unique systems and
risk engine, RiskXposure (RX), to enforce pre-, at- and
strategies. They provide a wide range of firms — from
post-trade risk checks that protect against trading
larger investment banks, to regional or boutique firms
risk and credit exposure. RX features an easy-to-use
— with high-performance access to multiple liquidity
dashboard featuring aggregated, real-time views of
destinations through a single interface.
user trading activity across all trading platforms, market
venues, and asset classes utilizing FTEN’s global drop
Seamlessly integrated into each client’s trading
copy network.
environment, FTEN Trade Control Gateways are
tailored to meet firm-specific latency and connectivity
requirements and can process orders and receive
executions from major liquidity destinations and
global market centers. The solution is trusted for
performance and throughput, handling over a billion
trades on a daily basis and providing users with a
feature-rich experience that includes load balancing,
protocol conversion, and a full monitoring suite.
Gateway customers also benefit from NASDAQ OMX’s
state-of-the-art high-speed network and unparalleled
connectivity options.
FTEN processes over
a billion trades daily >>
FTEN VelocityXpress (VX) and
VX Proxy Gateways
FTEN VX gateways are fully managed trade control gateways for
low-latency market access integrated with the FTEN RiskXposure for
pre-trade risk control. The gateways provide live order book updates,
risk management and message translation with minimal latency. They
can be deployed in an FTEN data center, at a client’s site, or third-party
co-location provider.
FTEN Software Controls
FTEN Sidecar is a lightweight Java application that integrates third-party
trading systems with FTEN RiskXposure (RX) to enable real-time analysis
of orders against RX designated parameters with minimal added latency.
FTEN also offers direct API interfaces to FTEN RiskXposure, enabling
enforcement of true pre-, at- and post- trade risk controls on
compatible third party gateways. Used alone or in combination with
hardware options, the software controls provide the flexibility, speed
and functionality to meet any trader’s needs.
FTEN Hardware Controls
FTEN utilizes various network devices to enforce controls on trading
activity within FTEN or third-party trading environments. These
purpose-built, hardware-based trade control systems can halt client
order flow in the event of a breach condition on both a pre- or posttrade basis depending on configuration and placement, with minimal
additional latency.
Transparency, access and
control on a single platform
across markets, assets,
and systems
Benefits unique to FTEN
Trade Control Gateways
>>
Ability to control risk with global scope and at a
granular level, setting parameters by account, client,
market and asset class
Utilizing FTEN, firms can:
>>
Brokers and traders can monitor all orders and
executions on a single dashboard, and drill down to
details of any order
>>
Trade Control Gateways are integrated elements of
the FTEN platform, a full complement of end-to-end
services that FTEN manages with 24/6 support
>>
Leverage seamless, scalable, and low-latency access
to major global market centers and liquidity pools
from a single platform
>>
Eliminate the need to support multiple exchange
protocols by utilizing streamlined format translation
capabilities across global markets
>>
Ensure orders and cancel instructions are submitted
to the market without delay through FTEN’s load
balancing capabilities, which seamlessly balance
order entry across multiple exchange ports
>>
Restrict users to orders that will liquidate excessive
positions in the case of a limit breach via robust limit
setting capabilities
>>
View real-time trading activity on a comprehensive
dashboard with order and Fix tag level detail
Flexible Deployment Options
FTEN Trade Control Gateways can be implemented within
a firm’s infrastructure or as a fully managed and hosted
solution within FTEN co-location facilities. For high
frequency trading firms, FTEN can optimize hardware,
network infrastructure, and connectivity in addition to
providing tools for measuring latency. Additionally, FTEN’s
extensive experience with a wide range of implementations
enables clients to be onboarded rapidly, with consistent
uptime and proactive, 24/6 support.
Fully-managed solutions
24 x 6 global support >>
Experienced Support
Acquiring and maintaining staff that have domain
expertise with the full range of native destination
protocols, and the proficiency to design and support
an ultra low latency trading architecture can be both
costly and difficult. Traditional trading platform support
staff are seldom trained to diagnose latency and
connection problems or assist clients in reconfiguring
trade connectivity on the fly.
Firms can leverage FTEN’s extensive knowledge and
experience designing, optimizing and monitoring
connectivity and trading architecture to lower the
financial burden of platform support and achieve
operational excellence. FTEN works with firms to design
high-performance trading environments with the
appropriate risk controls, network configurations and
infrastructure needed to keep their clients and their
own trading environments running at full speed with
unprecedented uptime.
Customize layouts to quickly and easily view and search for orders
as needed. View open inbound/outbound orders, trades broken by
exchanges/venues, unacknowledged orders, symbols traded, and a
variety of other attributes for unparalleled visibility into trading activity.
About FTEN
Contact Information:
FTEN provides traders, brokers and clearing firms
MARKETSTRUCTURE@FTEN.COM
with comprehensive risk management and execution
infrastructure tools that help them minimize risks
and ultimately increase profits in increasingly
regulated, latency sensitive, high-volume and global
trading environments.
FTEN’s risk platform is the product of a unique 10-year
focus on the regulatory and risk management challenges
facing the trading community. This focus has resulted
in proven systems that enable firms to monitor and
manage their risk exposure across markets, asset classes,
regions and accounts in real-time through flexible pre-,
| WWW.FTEN.COM
Americas
One Liberty Plaza, 51st Floor
New York, NY 10006
United States
+1 212 808 8440
Asia-Pacific
Man Yee Building
Room 1207-08, 12/F
68 Des Voeux Road Central
Hong Kong
+852 2167 2510
at- and post-trade controls.
Organizations that use FTEN’s patented technology are
able to integrate front- and back-office systems and
processes and ultimately attract more clients with greater
returns on less capital.
Europe, Middle East, Africa
131 Finsbury Pavement
London EC2A 1NT
United Kingdom
+44 207 065 8000
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of FTEN in the U.S. and other countries. NASDAQ OMX is a registered and/or unregistered trademark of The NASDAQ OMX Group in the U.S. and other countries.
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