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View AllThe Evolution of Trading: Navigating Multi-Broker, Multi-Asset Platforms
By Rob D’Arco, CEO Rival Systems After 20 years of working in the trading industry, I’ve gained a unique perspective working with traders throughout their careers. Technology plays a critical role in their success, from the individual click trader on one exchange to the global firm running ultra-low latency automated trading strategies with an enterprise risk system. This article will explore the technical requirements as traders evolve and the key considerations when deciding which platform to use for a more streamlined, comprehensive trading and risk management experience. A Simple Beginning For a new trader, it's easy to begin trading with one broker, exchange, and account. It's cost-efficient and straightforward. The trader creates an account with the broker, logs into the...
Seven of the Most Noteworthy Trading Days of 2016
With the big changes of 2016 still fresh in our memories, we take a look back at the year’s seven most interesting trading days to review what we may have learned (or not) about managing risk. The U.S. elections and UK’s Brexit referendum highlighted the need to manage political event risk, especially since opinion polls proved unusually unreliable. Monetary policy was on the move around the world. Following the Bank of Japan’s (BOJ) surprise move into negative rates at the end of January 2016, the European Central Bank (ECB) pushed further into negative rate territory in March 2016. In contrast, the U.S. Federal Reserve (Fed) hiked rates in December 2016 for only the second time since the financial panic of...
NIBA Wedbush Futures FCM Risk Management Questionnaire
NIBA will be featuring a recurring article in its monthly newsletter to membership with a focus on FCM Risk Management. The article will feature a different Member FCM each month discussing their approach to risk management. FCM Name: Wedbush Futures Head of Risk Name: Jim Kearney Do you have a risk committee: Yes If yes, what matters does your risk committee consider: The Wedbush Futures Risk Committee regularly meets to identify current risk events, define appropriate client and firm limits and mitigate the effect of future risk events on capital deposits. What is your general approach to risk management: Our risk management philosophy encompasses three concepts, identify risk, measure risk and manage risk. Every policy, procedure and process is designed...