BCS Prime Brokerage twiddles knobs on risk system 09 September 2013Moscow Reporter: Georgina Lavers
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BCS Prime Brokerage has appointed Succession Systems to launch a pre-trade market access risk system, TripleCheck.
The system aims to delives ultra-low latency risk management for direct market access clients including proprietary and algorithmic trading firms.
Succession Systems was selected from more than 15 vendors to implement the TripleCheck system and develop custom functionality for BCS. The system is designed to fully comply with the SEC Rule 15c3-5 and the variations needed by different venues and geographies around the world.
Tim Bevan, head of international prime sales, said: “To remain at the forefront of what we do, and to continue to exceed our clients’ expectations, BCS is committed to bringing innovative solutions to the market to capitalise on the growing demand for fast and efficient trade flows with Russia.”
“We are currently looking to add markets, specific asset classes, client-oriented functions and liquidity services, and our appointment of Succession Systems will ensure we are able to consistently deliver cost-efficient, fast, flexible and comprehensive solutions.”
Vladimir Pozdnyakov, head of risk and liquidity services, said: “BCS treats risk management systems not only as internal broker security tool but also as a keystone for a number of unique client-oriented products which will allow our clients to benefit from more efficient risk off-setting and improved funding.”
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