TT to introduce two risk management solutions from KRM22

Rick Steves

“This is exactly the sort of functionality our clients have told us they want to be able to access from within the platform to streamline their operations.”

Trading Technologies and KRM22 have announced the first two KRM22 risk offerings that TT is now integrating into the TT platform under their new distribution agreement.

In Q2 2022, TT will launch KRM22 Limits Manager, a limit management system designed by KRM22 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.

In Q3 2022, TT will be 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.

TT – KRM22 in critical product introduction phase

Jason Shaffer, EVP Product Management at Trading Technologies, said: “After completing the migration last year of all clients to our new SaaS TT platform, we’re now able to put more power into the hands of our customers than ever before. This is exactly the sort of functionality our clients have told us they want to be able to access from within the platform to streamline their operations, and it represents the first of many integrations to come from innovative providers such as KRM22. These two new products meaningfully enrich our overall offering and further demonstrate our commitment to growing the value of being on the TT network.”

Stephen Casner, Chief Executive Officer at KRM22, commented: “TT users will be able to add this important functionality without any infrastructure work or technology staff time. KRM22 Limits Manager can bring trading staff valuable new tools for simplifying their processes and reducing errors, and back-office personnel key operational efficiencies, along with complete audit trail and limit history information. We’re delighted to bring our cooperative agreement with TT to this critical product introduction phase.”

Earlier this year, TT announced an investment of $6.35 million in KRM22 as it looked to expand after being acquired by 7RIDGE in late December.

7RIDGE, the growth equity firm founded by ex-Deutsche Boerse CEO Carsten Kengeter, completed the acquisition of Trading Technologies in late December and appointed Keith Todd as chief executive.

Keith Todd is a tech industry veteran who, since 1975, played key roles in the future of technology. First, as CFO of GEC Marconi, he then moved to CEO of International Computers Limited in 1987. He’s also been Executive Chairman and CEO of KRM22.

The distribution agreement with Trading Technologies will have KRM22 products leveraging TT’s Software-as-a-Service (SaaS) platform ecosystem and significantly expand the firm’s risk management offering.

The initial integrated risk service offering is anticipated to address pre-trade risk and will be available for TT clients to use in March, with details to be announced.

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