A prominent London-based prime-of-prime brokerage has introduced a new technological solution named Surge, which adds significant capabilities to its existing risk management services. This platform is distinguished in the industry for its intelligent analytics and automation features designed specifically for optimizing A- and B-book execution and risk management.
Surge aims to enhance the risk management workflow by equipping brokers with advanced insights and automation across multiple facets. The key features included in the platform are:
1. **Client Analytics**: Brokers gain access to analytical tools that assist in understanding client behavior and performance metrics.
2. **Client Classification**: This function empowers brokers to set up routing rules that categorize clients according to custom risk models, automating the application of these classifications in real-time.
3. **Book Optimization**: This feature consists of two main components:
– **A-Book**: Brokers can analyze liquidity provider (LP) performance with regards to various trading strategies and market conditions. They can track the competitiveness of LP spreads and the quality of fills with detailed performance insights.
– **B-Book**: This involves price construction and execution strategies that benefit from intelligent analytics.
A notable aspect of Surge is its **LP Analytics**, which enables brokers to assess their liquidity providers based on performance metrics such as slippage attribution and quote behavior, providing a thorough view of how LPs operate under different conditions.
The **Book Switching Automation** feature offers systematic hedging capabilities, allowing brokers to define specific execution rules. This empowers them to offset exposure in real-time and manage risk dynamically while maintaining control over their routing and positions.
An important voice within the organization noted that inefficiencies resulting from manual workflows and lack of timely information are significant challenges for brokers, leading to resource drain and increased risk during trading hours. Surge addresses these concerns by streamlining processes, which give risk managers more security and allows teams to focus on exploring new profit opportunities with reduced manual oversight.
In addition to the innovative Surge platform, the brokerage is recognized for its comprehensive services as an algorithmic trading firm and electronic market maker. Operating under various entities, it is regulated by top financial authorities globally and provides cutting-edge technology and real-time risk analytics to institutional clients and trading venues around the world.
For those interested in learning more about this new offering, direct inquiries can be made via the contact provided on their official communication channels.