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FOR MORE INFORMATION ABOUT RAPTOR, OR TO REQUEST AN APPOINTMENT, PLEASE FILL OUT THE FORM BELOW OR CALL US DIRECTLY. 

Enquiries will be sent to enquiries@traderaptor.com

UPCOMING EVENTS

Japan Int'l Banking & Securities Forum

February 28, 2019

Tokyo 

FIX Asia Pacific Trading Summit

May 2, 2019

Hong Kong 

India FIX Conference

September 5, 2019

Mumbai 

Australia FIX Conference

October, 2019

Sydney

Singapore FIX Conference

November, 2019

Singapore

FIA Asia 2019

December 3-6, 2019

Singapore

RAPTOR

Directly connect to Asia-Pacific venues (FIX + Native) with ultra-low-latency, while complying with all trading risk requirements.

Risk Management

 

Buy-side and sell-side firms across Asia-Pacific need to adapt to an ever-changing internal and external business and regulatory landscape. Raptor supports a full set of industry-standard risk filters, including:

Order Validations

  • Market (valid destination)

  • Security ID (valid symbology and security)

  • Round Tick (market- and configuration-dependent price check)

  • Round Lot (market- and configuration-dependent quality check)

  • Side (market- and configuration-dependent, e.g. no short-sell-exempt)

  • Order Type (market- and configuration-dependent)

  • Time In Force (market-and configuration-dependent)

  • Order Restrictions (market-and configuration-dependent)

  • Order Capacity (market- and configuration-dependent)

Per-Order Risk Filters

(Global, Client and Account specific)

 

  • Max Quantity (shares, contracts or units - global and per-security)

  • Max Lots (same as above, but expressed in lots)

  • Max Notional Value (global and per-security)

  • Max % of Average Daily Volume (per-security)

  • Max % of Outstanding Shares (per-security)

  • Price Range as % (reject limit orders with a price outside range of a reference price, such as last traded price, base price, open price)

  • Price Range in Ticks (same as above, but expressed in ticks rather than %)

  • Restricted List (Buy, Sell, Short Sell and Short Sell Exempt are all individually controllable)

Per-Security Risk Filters

(Global and Client specific)

 

  • Restricted List (Buy, Sell, Short Sell and Short Sell Exempt all individually enabled/disabled)

  • Max Lots per Order

  • Max Quantity per Order (shares, contracts or units)

  • Max Notional Value per Order

  • Max Gross Quantity (cumulative per-position: for groups, the gross size of the position for all instruments in the group - expressed in shares, contracts or units)

  • Max Gross Lots (same as above, but expressed in lots)

  • Min/Max Net Quantity (cumulative per-position: for groups, the net (long - short) size of the position totalled for all instruments in the group - expressed in shares, contracts or units)

  • Min/Max Net Lots (same as above, but expressed in lots)

 

Short and Long Sell Risk Filters

(Global and Client specific)

 

  • Short Sell OK

  • Short Sell Locate (check and draw down stock loan availability, reject if none available)

  • Long Sell Inventory (check and draw down stock inventory, reject if none available)

Position Risk Filters

(Account specific)

 

  • Gross Quantity (gross total quantity of all orders contributing to the position, limited by global/client restrictions for instrument/group - expressed in shares, contracts or units)

  • Gross Lots (same as above, but expressed in lots)

  • Net Quantity (net total quantity of all orders contributing to the position, limited by global/client restrictions for instrument/group - expressed in shares, contracts or units)

  • Net Lots (same as above, but expressed in lots)

  • Long Market Value (LMV) (total notional value of all buy orders)

  • Short Market Value (SMV) (total notional value of all sell orders)

  • Gross Market Value (total notional value of all orders)

  • Net Market Value – LMV - SMV

  • Matched Market Value (proprietary risk metric, as defined by client)

  • Max Gross Notional Value per Second

 

Portfolio Risk Filters

(Account specific)

 

  • Long Market Value (LMV) (total notional value of all buy orders)

  • Short Market Value (SMV) (total notional value of all sell orders)

  • Gross Market Value (total notional value of all orders)

  • Net Market Value – LMV - SMV

  • Matched Market Value (as defined by broker)

  • Trading Power (reject if collateral is insufficient to cover initial and position margin requirements)

  • Portfolio Concentration (alert only)

  • Max Loss (alert only)

 

Message Rate Risk Filters

(Account specific)

 

  • Maximum Repeat Orders per Second

  • Maximum Notional Value per Second

  • … other rate-based filters per customer requirements

 

Market Specific Risk Filters

  • Max Untraded Deletes (cancelled unfilled orders), both as an absolute limit as well as in proportion to filled orders

  • Wash Trade Prevention / Trade against Self Prevention / Unintentional Cross Prevention (UCP)

 

Margining for Listed Derivatives

(Client specific)

 

  • SPAN based pre-margining (notional value of available collateral is continuously re-calculated)

 

NSE and KRX Risk Filters

Fusion provides comprehensive support for a range of NSE and KRX specific risk filters

 ​

Additional Risk Filters

Raptor will be extended to support the following new risk filters:

  • Circuit Breaker (index-based market-wide circuit breakers)