In a strategic move to bolster risk management capabilities on a global scale, Sucden Financial, a multi-asset execution, clearing, and liquidity provider, has extended its risk technology partnership with Nasdaq.
The collaboration aims to fortify Sucden Financial’s ability to monitor, manage, and mitigate market and liquidity risk across various regions.
Leveraging the Nasdaq Risk Platform, Sucden Financial gains a comprehensive toolset, including real-time risk visibility, detailed analytics, and live derivative pricing, empowering the company for agile decision-making in proprietary and client trading portfolios.
Under the extended agreement, additional safeguards and controls will be seamlessly integrated into the system. This enhancement will not only refine risk management but also broaden the platform’s coverage to include new exchanges in Europe, North America, and Asia, aligning with the expanding needs of Sucden Financial’s diverse client base.
Sucden Financial chief risk officer Mike Coomber said: “We prioritise effective risk management across our operations. 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.”
Nasdaq, renowned for its marketplace technology business, stands as a global leader in market infrastructure technology, providing multi-asset solutions to over 130 marketplaces, CCPs, CSDs, and regulators across more than 50 countries. The company’s risk technology, delivered with regular updates every three weeks, is widely adopted in the banking and broker-dealer community.
Operating in the cloud and deployed via Software as a Service (SaaS), the Nasdaq Risk Platform is designed for rapid scalability, proving particularly valuable during periods of heightened market volatility.
Nasdaq risk platform product head Malcolm Warne said: “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.”
