Sucden Financial expands risk technology partnership with Nasdaq
12 December 2023 UK
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Sucden Financial, a multi-asset execution, clearing and liquidity provider, is expanding its risk technology partnership with global technology company Nasdaq.
Built in the cloud and deployed via Software-as-a-Service, the Nasdaq Risk Platform provides multi-asset solutions in more than 50 countries.
The collaboration aims to enhance Sucden Financial’s ability to monitor, manage and mitigate market and liquidity risk globally.
Sucden Financial will use the Nasdaq Risk Platform across proprietary and client trading portfolios, using the live view of risk analytics and live derivative pricing to support decision-making.
This agreement will integrate safeguards and controls into the system while expanding the platform’s coverage across exchanges in Europe, North America and Asia.
Malcolm Warne, head of product for Nasdaq, says: “In an ever more volatile environment, the ability to calculate risk in real time serves as a great competitive advantage, unlocking overnight liquidity, improving capital efficiency, 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 operating risk infrastructure.”
Mike Coomber, chief risk officer at Sucden Financial, adds: “We are happy to extend our partnership with Nasdaq and continue enhancing the platform, which helps manage our market and liquidity risks across multiple asset classes in real time.”
Built in the cloud and deployed via Software-as-a-Service, the Nasdaq Risk Platform provides multi-asset solutions in more than 50 countries.
The collaboration aims to enhance Sucden Financial’s ability to monitor, manage and mitigate market and liquidity risk globally.
Sucden Financial will use the Nasdaq Risk Platform across proprietary and client trading portfolios, using the live view of risk analytics and live derivative pricing to support decision-making.
This agreement will integrate safeguards and controls into the system while expanding the platform’s coverage across exchanges in Europe, North America and Asia.
Malcolm Warne, head of product for Nasdaq, says: “In an ever more volatile environment, the ability to calculate risk in real time serves as a great competitive advantage, unlocking overnight liquidity, improving capital efficiency, 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 operating risk infrastructure.”
Mike Coomber, chief risk officer at Sucden Financial, adds: “We are happy to extend our partnership with Nasdaq and continue enhancing the platform, which helps manage our market and liquidity risks across multiple asset classes in real time.”
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