Traiana has extended the scope of its CreditLink service to include a kill switch capability for single dealer platforms in foreign exchange trading. Citi’s platform, Velocity, is the first single dealer platform to enhance its connectivity with CreditLink to support this new capability. The introduction of a kill switch adds to the existing limit monitoring capabilities of CreditLink for single dealer platforms, and will ensure that the risks associated with algorithmic and high frequency trading can now be effectively managed in real-time on these platforms.
Jill Sigelbaum, Head of FX, Traiana said: “The expansion of CreditLink’s kill switch to single dealer platforms improves risk management controls in the FX markets, bringing the bank trading portals into line with the capabilities we’ve built with the ECNs. By enabling prime brokers and their clients to monitor risk in real-time and take swift actions, the market will be further insulated from technology risks and the losses they can rapidly create.”