FTEN trade control gateway products provide the ability to process orders and receive executions from major liquidity destinations in the U.S., Canada, and a growing list of international market centers. Our trade control gateways are custom tailored to meet specific latency and connectivity needs and seamlessly integrate within a clients trading environment.

FTEN gateway products are integrated with our risk management engine (RX) to enforce pre- and post-trade risk checks protecting against transactional risk and credit exposure generated by undesirable trading activity. The VX trade control gateway offers dozens of advanced features including:

  • Load balancing
  • Open order management
  • Protocol conversion
  • Latency monitoring
  • Intuitive monitoring screens


Sample VX User Interface



Gateway Options:

VelocityXpress (VX)

VX is a fully-managed trade control gateway for low latency market access integrated with the RX risk management engine for pre-trade risk control. The gateway provides live order book updates, risk management and message translation with minimal latency. VX can be deployed in an FTEN data center, at a client’s site, or third-party colocation provider.

Sidecar

Sidecar is a Java application that is physically deployed on a third-party black box trading system and works with the RX risk management engine to provide full pre-trade risk and trade control alerting. Sidecar is designed to satisfy even the most latency sensitive users.

AXE

AXE is a network device that enables the RX risk management engine to control market access and trading events within third-party trading systems. A purpose-built, hardware-based trade control system, AXE can halt client order flow in the event of a breach condition.