Risk management technology provider SpiderRock has tapped Eventus for Validus, the latter’s trade surveillance platform.
Eventus is a leading global provider of multi-asset class trade surveillance and market risk solutions. SpiderRock is an algorithmic execution and risk management technology provider to institutional trading clients.
According to Eventus, SpiderRock has deployed the Validus platform initially for its client activity in futures and options on future contracts.
SpiderRock serves large hedge funds, bank trading desks, proprietary trading firms and other institutional clients globally with its flagship equity and options offering and now growing futures business.
Eventus CEO Travis Schwab said, “We’re honored to work with SpiderRock to meet its trade surveillance needs as the company continues to grow and expand into new asset classes. The scalability of Validus – and our track record of successfully handling billions of messages per day, around the clock, for any given client – has distinguished us within the industry.”
SpiderRock chief revenue officer Annabelle Baldwin added, “Eventus’ ability to handle extraordinarily large data sets with scalable capacity is really what sold the Validus platform to us. As a company, we handle an immense amount of flow when it comes to the level of traffic that goes downstream in our core business of equities and equity options, and we are now gaining traction in our relatively newer offering of CME Group futures and options on futures.
“A lot of providers simply don’t have the robust technology to handle this level of flow and capacity, and over time, we hope to partner with Eventus on all asset classes we support.”
Eventus recently appointed Robbie McDonnell as sales director for the Australia and New Zealand regions.
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Copyright © 2018 RegTech Analyst
