NEW YORK, Jan. 29, 2014 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and its Access Services business today announced TradeGuard, a comprehensive solution for all levels of risk management and an expansion of the enterprise risk management platform formerly known as FTEN. TradeGuard will allow customers to choose from a broad product suite for a range of risk management support, from building a custom risk solution to supplementing internal systems.
RiskXposure (RX), a leading risk management engine, will still serve as the central backbone of the TradeGuard platform. Customers will have access to all solutions they currently use as well as new and improved solutions offered by NASDAQ OMX's Access Services business. TradeGuard's new suite features three innovative products, new markets and asset classes, and improved gateways and risk monitoring systems. RiskWay is a software based, trade control gateway for trading equities that allows customers to access multiple markets with latency below 10 microseconds and added risk controls provided by all products within the TradeGuard suite. External Gateway Manager (EGM) is an intermediary solution that allows any third party gateways to be controlled by the TradeGuard RX engine to manage risk with pre-trade controls for protection against trading that violates pre-set limits. Similar to EGM, Risk Wrapper is a leading post-trade and front-end tool designed to measure risk at the network level by capturing traffic directly and comparing the trading activity against all network traffic to identify any abnormal activity.
"As the risk needs of our customers have evolved, so have we," said Stacie Swanstrom, Senior Vice President of Access Services at NASDAQ OMX. "The metamorphosis of our risk management solutions into TradeGuard will allow our customers to leverage an all-inclusive platform to manage multiple levels of risk monitoring. TradeGuard's advanced suite of solutions will bring customers' risk management capabilities closer to the point of trade, empowering them with deeper insight to safely and effectively manage their businesses."
About TradeGuard: TradeGuard is a comprehensive, full-service risk management suite offering a range of tools to address the complex trading landscape. TradeGuard allows customers to pick and choose from a broad product suite for a range of support, from building a custom risk solution to simply filling in gaps in a current solution. In addition to the current enterprise and NASDAQ OMX exchange risk tools available, the new suite also features monitoring for new markets and asset classes, improved gateways, and supplemental risk monitoring systems. Whether you're a broker, sponsor, hedge fund, or clearing firm – TradeGuard has the products and services to meet your needs with price points that match your budget. Learn more at www.nasdaqomxtrader.com/tradeguard.
About NASDAQ OMX:
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $7 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
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Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about TradeGuard and NASDAQ OMX's other businesses, products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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