Lime, BT Partner on Naked Access Ban Compliance
Agency broker Lime Brokerage has partnered with BT Radianz to launch a pre-trade risk control service designed to support compliance with SEC Rule 15c3-5, due to take effect on July 14 this year.
Under the partnership, Lime's service will be available through BT Radianz's cloud, which reaches 15,000 customer locations worldwide, according to Mike Felix, director of marketing at Lime Brokerage. The SEC rule bans unfiltered or "naked" access to the markets.
"The solution allows broker-dealers and
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