TMX Group Inc., the owner and operator of several multi-asset exchanges has announced a partnership with solutions provider ULLINK, part of an initiative to target pre-trade risk management, according to a TMX company statement.
TMX Trading Experience Extended Across Several Asset Classes
Toronto-based TMX Group represents a truly global array of subsidiaries that specializes in several asset channels, including equities, fixed income, energy and Forex. Furthermore, the group has shown a particular willingness towards Fx, encapsulated by its steps by TMX Atrium last September and its TMX FX platform.
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According to Deana Djurdjevic, Senior Vice President at TMX Group, in an accompanying statement, “We continue to work to improve the overall TMX trading experience for our broad range of customers. ULLINK’s integrated solution will allow us to offer a robust suite of pre-trade risk controls to help participants comply with evolving Canadian regulatory obligations in a cost effective way, while also meeting the escalating performance demands of the marketplace.”
Targeted Risk Reduction a Primary Goal for Market Participants
Indeed, the decision to enlist ULLINK’s trading technology and software services represents a concerted effort to help curtail risks carried by both buy-and sell-side market participants. Moreover, participants and clients will be afforded myriad options and trading functionality, including trading limits regulating order flow, risk checks and exposure assessment.
“With constantly emerging challenges in today’s market, staying ahead of risk management requirements is absolutely crucial to any trading operation. We are excited to be partnering with the largest exchange venue in Canada, enhancing TMX’s existing pre-trade risk offering while providing comprehensive, innovative trading technology solutions specifically geared to the Canadian market place,” added Jeffrey Gangl, Managing Director at ULLINK Americas.