Multi-asset execution, clearing and liquidity provider Sucden Financial and Nasdaq announced today that they have agreed to expand their risk technology partnership, which will further enhance Sucden Financial’s ability to monitor, manage and mitigate market risk and liquidity worldwide.
Sucden Financial uses the Nasdaq risk platform on proprietary and client trading portfolios, using live risk visibility, detailed analytics and live derivatives pricing to support real-time decision making.
This agreement will incorporate several additional safeguards and controls into the system, while expanding the platform’s coverage to new exchanges in Europe, North America and Asia to meet the growing needs of Sucden Financial’s clients.
“We prioritize effective risk management in all our activities. We are pleased to expand our partnership with Nasdaq and continue to improve the platform, which helps manage market and liquidity risk across multiple asset classes in real-time,” said Mike Coomber, Chief Risk Officer at Sucden Financial.
“We welcome the opportunity to deepen our partnership with Sucden Financial, which operates at the forefront of the industry,” said Malcolm Warne, Head of Product for the Nasdaq Risk Platform. “In an increasingly volatile environment, the ability to calculate risk in real time serves as a major competitive advantage, unlocking liquidity overnight, improving capital return and reducing the financial burden of legacy risk systems. By offering a fully managed service, our clients can focus on business expansion and risk management, rather than operational risk infrastructure.”
Nasdaq’s Marketplace Technology business operates as one of the world’s largest marketplace infrastructure technology providers, providing multi-asset solutions to more than 130 markets, CCPs, CSDs and regulators in more than 50 countries. It delivers reliable and scalable technology across the trade lifecycle, helping organizations increase efficiency, transparency and liquidity with unparalleled resilience.
The company’s risk technology is widely used across the banking and broker-dealer community, with new features delivered to all clients every three weeks. Built in the cloud and deployed via SaaS, the Nasdaq risk platform has the ability to scale quickly, helping clients navigate periods of extreme market volatility when it’s needed most.