MarketFactory releases new software to ensure trading limits

KUALA LUMPUR, May 24 (Bernama) -- MarketFactory has released its new software product -- Reflector, a pre-trade risk management solution -- used by banks, prime brokers and funds to ensure trading limits are never broken.

"We are very excited to see the positive impact that Reflector has for our customers. This includes both ensuring limits will be not be breached and allowing more efficient use of available credit, " said executive chairman of MarketFactory, James Sinclair.

Reflector addresses the need for risk management software that eliminates installation for the client, works with any FIX API as well as monitors and balances all limits and positions across all trading venues.

The software also checks all orders pre-trade with a latency impact under three microseconds 99.999 per cent of the time and supports over 60 trading venues, a statement said.

MarketFactory´s software suite also includes -- Whisperer, an API that connects 80+ foreign exchange venues for taker, maker, spot, forwards, swaps, non-deliverable forwards and non-deliverable swaps.

MarketFactory is a financial technology company providing software-as-a-service to currency markets. The company partners with over 100 banks, funds, brokers and ECNs/exchanges. More information at www.marketfactory.com.

--BERNAMA