Algo-Logic Systems delivers an industry leading Pre-Trade Risk Check (PTRC) solution that verifies Security and Exchange Commission Rule 15c3-5 compliance with sub-microsecond latency that is consistently lower than software-based systems. The system enables broker/dealers to forward stock market orders from client machines to exchanges with nearly no added delay nor jitter.

With an easy to use and secure, Graphical User Interface (GUI), broker/dealers can easily configure a wide range of risk check parameters to ensure compliance and protection prior to execution. Pre-Trade Risk Checks and associated control actions are accelerated in the FPGA.

Accurate Logs within the PTRC system ensure compliance can be verified.

• Logs record total number of messages sent to Exchange (Failing orders not included)
• Record the total number of messages sent to the Trading Client
• Record all Rejected Order messages generated for each failing order.

Whereas, software based PTRC implementations add many microseconds to milliseconds of latency to order flow, Algo-Logic’s FPGA accelerated solution allows trading on 10 Gigabit/second Ethernet links to complete a series of comprehensive Risk Checks in well under one microsecond. Unlike other in-house and vendor PTRC solutions that take short cuts and forward invalid packets, Algo-Logic’s newest PTRC solution never emits data to an exchange that is not intended to execute.

Algo-Logic PTRC is:

  • The newest addition to Algo-Logic’s Ultra-low-latency systems for accelerated finance.
  • Offers deep sub-microsecond latency from Client Order Received to Valid Order Sent to Exchange.
  • Is easy to use and has a secure Graphical User Interface to control parameters of Risk Checks.
  • Provides Standard Rule 15c3-5 Risk Checks that are available immediately.
  • Produces custom, Broker specific Risk Checks quickly under a Professional Services Agreement.
  • Is significantly faster than software-only solutions.
  • Yields a deterministic performance with deep sub-microsecond latency.

Key Features

  • Provides SEC Rule 15c3-5 Risk Check compliance.
  • Customization available for Broker unique Risk Checks
  • Significantly faster than software only Risk Check systems.

Product brief