Devexperts
and iSAM Securities announced a new partnership today (Tuesday) that will
connect iSAM’s Radar risk management software directly into DXtrade,
Devexperts’ multi-asset trading platform.
DXtrade Partners with iSAM
Securities for Enhanced Risk Management
The
collaboration aims to address the issue of keeping track of risk exposure
across multiple trading books and platforms. According to Devexperts, brokers
often struggle to get a complete picture of their positions, especially when
managing both A-Book and B-Book operations alongside liquidity provider
accounts.
iSAM
Securities’ Radar software claims to tackle this problem by consolidating
exposure data from different servers and trading platforms into a single view.
The tool monitors trading activity throughout the day, giving brokers on-the-go
insights into book performance and profitability patterns.
“It is
crucial to provide brokers with a comprehensive view of their risk, therefore I
am very glad we are now integrated with DXtrade,” said Dennis Weissert, Chief
Commercial Officer at iSAM Apex. “With our solutions clients can take advantage
of innovative and market-leading tools to manage sharp flow and optimize their
B-Book.”
Brokers
using the integrated system can now spot unusual trading flows and make
decisions about client routing in real-time. The software assigns risk scores
to individual clients and automatically suggests whether their trades should be
routed to the A-Book or B-Book based on predefined risk thresholds.
Earlier this month, Devexperts also unveiled a mobile web interface for its platform, allowing access without the need for a dedicated app and enabling embedding through webviews.
Post-Trade Analysis
The new
tool reportedly digs deep into trade profitability, examining what happened
both before and after order execution. Brokers can use this data to fine-tune
their liquidity management strategies and identify potential arbitrage
opportunities they might have missed.
The system
also helps categorize clients: instead of relying on basic metrics, brokers can
use comprehensive risk profiles to determine which clients are most likely to
be profitable long-term.
“We
are really pleased to now be able to provide these directly via DXtrade,
helping brokers and other financial institutions to effectively and efficiently
manage risk and identify actionable opportunities to enhance performance and
profitability,” Jon Light, Head of OTC Platform at Devexperts, added.
The
integration is available immediately to existing DXtrade licensees, with iSAM
Securities’ Radar tools accessible through the platform’s existing interface.
Meanwhile, iSAM has been expanding its presence, first opening an office in Cyprus and now launching a new location in Hong Kong. Barry Flanigan, who has been with iSAM since 2009, will lead the Hong Kong office. He was promoted to Head of Asia Pacific at iSAM Securities last year, after previously serving as Head of e-Trading.
Devexperts
and iSAM Securities announced a new partnership today (Tuesday) that will
connect iSAM’s Radar risk management software directly into DXtrade,
Devexperts’ multi-asset trading platform.
DXtrade Partners with iSAM
Securities for Enhanced Risk Management
The
collaboration aims to address the issue of keeping track of risk exposure
across multiple trading books and platforms. According to Devexperts, brokers
often struggle to get a complete picture of their positions, especially when
managing both A-Book and B-Book operations alongside liquidity provider
accounts.
iSAM
Securities’ Radar software claims to tackle this problem by consolidating
exposure data from different servers and trading platforms into a single view.
The tool monitors trading activity throughout the day, giving brokers on-the-go
insights into book performance and profitability patterns.
“It is
crucial to provide brokers with a comprehensive view of their risk, therefore I
am very glad we are now integrated with DXtrade,” said Dennis Weissert, Chief
Commercial Officer at iSAM Apex. “With our solutions clients can take advantage
of innovative and market-leading tools to manage sharp flow and optimize their
B-Book.”
Brokers
using the integrated system can now spot unusual trading flows and make
decisions about client routing in real-time. The software assigns risk scores
to individual clients and automatically suggests whether their trades should be
routed to the A-Book or B-Book based on predefined risk thresholds.
Earlier this month, Devexperts also unveiled a mobile web interface for its platform, allowing access without the need for a dedicated app and enabling embedding through webviews.
Post-Trade Analysis
The new
tool reportedly digs deep into trade profitability, examining what happened
both before and after order execution. Brokers can use this data to fine-tune
their liquidity management strategies and identify potential arbitrage
opportunities they might have missed.
The system
also helps categorize clients: instead of relying on basic metrics, brokers can
use comprehensive risk profiles to determine which clients are most likely to
be profitable long-term.
“We
are really pleased to now be able to provide these directly via DXtrade,
helping brokers and other financial institutions to effectively and efficiently
manage risk and identify actionable opportunities to enhance performance and
profitability,” Jon Light, Head of OTC Platform at Devexperts, added.
The
integration is available immediately to existing DXtrade licensees, with iSAM
Securities’ Radar tools accessible through the platform’s existing interface.
Meanwhile, iSAM has been expanding its presence, first opening an office in Cyprus and now launching a new location in Hong Kong. Barry Flanigan, who has been with iSAM since 2009, will lead the Hong Kong office. He was promoted to Head of Asia Pacific at iSAM Securities last year, after previously serving as Head of e-Trading.
This post is originally published on FINANCEMAGNATES.
