Nasdaq OMX Unveils Pre-Trade Risk Management Service for Commodities
Nasdaq first launched Genium INET PRM to its Nordic equity derivatives customers earlier this year before a soft launch for commodities two weeks ago. Nasdaq is now taking this moment to announce the solution to the world.
It provides a "complete and continuous overview of trading activities and the controls needed to act immediately," according to the exchange operator. While it was "tailored for general clearing members' needs, the service meets the needs for improving pre-trade protection for any member."
PRM was developed by FTEN, which is a risk management solutions provider that was acquired by Nasdaq in 2010.
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