MarketFactory has launched a new software product called Reflector which is a pre-trade risk management solution aimed at 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.