Mantara, a technology provider for high-frequency traders, announced the launch of a risk management platform aimed at traders who are pursuing “unfiltered” direct market access.
The firm said the Comprehensive High-Frequency Patrol System, which is deployed with near-zero latency, meets the Security and Exchange Commission’s guidelines for pre-trade controls. It includes notional value, share limits, fat finger checks, erroneous trade detection, and buying power enforcement for single and multiple exchange trading activities, Mantara added.
CHiPS is also designed to allow traders to monitor threshold alerts, adjust risk profiles, and terminate order flow in real-time, Mantara said. The firm added that CHiPS can be implemented and remain disabled until the SEC’s proposed sponsored access rule takes effect.
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio