TMX Group Enlists Trading Solutions Provider ULLINK, Targeting Pre-Trade Risk

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 Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, 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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term. Furthermore, the group has shown a particular willingness towards Fx, encapsulated by its steps by TMX Atrium last September and its TMX FX platform.

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.