Chicago-based broker dealer selects KRM22 for risk management solution

Rick Steves

“We are excited to be working with another new customer to deliver cutting edge Trading Risk services. We see this lengthy commitment as further proof of our strategy to deliver multiple risk metrics and combine them, providing firms with a true view of holistic Trading Risk.”

KRM22, a prominent provider of risk management software services, has inked a substantial three-year deal with an undisclosed Chicago-based broker dealer.

This agreement encompasses the deployment of KRM22’s advanced Post Trade Stress and Real-Time Margin services, solidifying its commitment to employing top-notch technology for delivering innovative solutions to clients.

“A true view of holistic Trading Risk”

In an ever-evolving market landscape, effective risk management stands as a linchpin for a firm’s operational success and profit generation.

KRM22’s robust Trading Risk toolset, facilitated through its Limits Manager and Risk Manager products, emerges as a steadfast guide for traders confronting heightened market volatility, liquidity risk, stress testing, and real-time monitoring challenges.

Billy Murray, Chief Revenue Officer at KRM22, said: “We are excited to be working with another new customer to deliver cutting edge Trading Risk services. We see this lengthy commitment as further proof of our strategy to deliver multiple risk metrics and combine them, providing firms with a true view of holistic Trading Risk.”

KRM22 partnerships with Barchart and TT

KRM22 is a technology and software investment company that focuses on risk management for capital markets. The firm’s Holistic Risk approach is built on a fully integrated risk management service, allowing users to minimize risk and IT expenses, while maximizing productivity.

In 2023, KRM22 tapped Barchart to enhance its SaaS-based products with comprehensive market data coverage from Barchart, further empowering its customers to take advantage of advanced data and tools for risk management solutions.

In 2022, Trading Technologies partnered with KRM22 to offer two risk products:

  • KRM22 Limits Manager: a limit management system designed to combat time-consuming and potentially error-prone pre-trade risk processes by automating, maintaining, and tracking trading limits within an easy-to-use application within the TT Software-as-a-Service (SaaS) platform.
  • KRM22 Risk Manager: a sophisticated, real-time, post-trade risk scoring system that help traders instantly assess real-time margin and liquidity, creating a new way for futures traders to generate alpha under the most volatile market conditions.

In December 2021, Carsten Kengeter’s 7Ridge acquired Trading Technologies and appointed KRM22 CEO Keith Todd as its new chief executive. The following month, TT invested $6.35 million in KRM22 and entered into a distribution agreement to market and distribute KRM22 risk management products, the first stage of cooperation between TT and KRM22.

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