Sucden Financial, a multi-asset execution, clearing, and liquidity provider, and Nasdaq have agreed to extend their risk technology partnership.
Sucden Financial uses the Nasdaq Risk Platform across proprietary and client trading portfolios, using the live view of risk, detailed analytics, and live derivative pricing to support real-time decision-making.
The agreement will integrate several additional safeguards and controls into the system while expanding the platform’s coverage across new exchanges in Europe, North America and Asia.
Malcolm Warne, head of product for Nasdaq’s risk platform, said: “We welcome the opportunity to deepen our partnership with Sucden Financial, who are operating at the forefront of the industry. 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, 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.”
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