Sucden Financial Expands Risk Technology Partnership with Nasdaq to Enhance Market Coverage and Data Analytics
12 Dezember 2023 - 10:00AM
Sucden Financial Expands Risk Technology Partnership with Nasdaq to
Enhance Market Coverage and Data Analytics
Sucden Financial, the multi-asset execution, clearing, and
liquidity provider, and Nasdaq (Nasdaq: NDAQ) today announced that
they have agreed to extend their risk technology partnership, which
will further enhance Sucden Financial’s ability to monitor, manage,
and mitigate market and liquidity risk globally.
Sucden Financial uses the Nasdaq Risk Platform across
proprietary and client trading portfolios, using the live view of
risk, detailed analytics, and live derivative pricing to support
real-time decision-making.
This agreement will integrate several additional safeguards and
controls into the system whilst expanding the platform’s coverage
across new exchanges in Europe, North America, and Asia to meet the
growing needs of Sucden Financial’s clients.
"We prioritise effective risk management across our operations.
We are happy to extend our partnership with Nasdaq and continue
enhancing the platform, which helps manage our market and liquidity
risks across multiple asset classes in real-time," said Mike
Coomber, Chief Risk Officer at Sucden Financial.
“We welcome the opportunity to deepen our partnership with
Sucden Financial, who are operating at the forefront of the
industry,” said Malcolm Warne, Head of Product for the Nasdaq Risk
Platform. “In an ever more volatile environment, the ability to
calculate risk in real-time serves as a great competitive
advantage, unlocking overnight liquidity, improving capital
efficiency, and reducing the financial burden of legacy risk
systems. By offering a fully managed service our clients can focus
on business expansion and risk management, rather than operating
risk infrastructure.”
Nasdaq’s Marketplace Technology business serves as one of the
world's largest market infrastructure technology providers,
providing multi-asset solutions to more than 130 marketplaces,
CCPs, CSDs and regulators in over 50 countries. It offers reliable
and scalable technology across the trade lifecycle, helping
organisations to drive efficiency, transparency, and liquidity with
unparalleled resiliency.
The company’s risk technology is widely used across the bank and
broker-dealer community, with new functionality delivered to all
clients every three weeks. Built in the cloud and deployed via
SaaS, the Nasdaq Risk Platform has the ability to scale rapidly,
helping clients navigate periods of extreme market volatility when
it is most needed.
About Sucden Financial
With a history and heritage in commodity futures and options
trading, Sucden Financial has evolved and diversified to become a
leading global multi-asset execution, clearing and liquidity
provider across FX, fixed income, and commodities. Sucden Financial
has a proven track record of 50 years in financial markets. Since
its foundation in 1973, it has been supported by its parent,
Sucden, one of the world’s leading soft commodity trading groups,
while remaining fully independent in its day-to-day trading
operations. Sucden Financial Limited is authorised and regulated by
the Financial Conduct Authority.
sucdenfinancial.com
About Nasdaq Nasdaq (Nasdaq:
NDAQ) is a leading global technology company serving corporate
clients, investment managers, banks, brokers, and exchange
operators as they navigate and interact with the global capital
markets and the broader financial system. We aspire to deliver
world-leading platforms that improve the liquidity, transparency,
and integrity of the global economy. Our diverse offering of data,
analytics, software, exchange capabilities, and client-centric
services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
solutions, and career opportunities, visit us on LinkedIn, on
Twitter @Nasdaq, or at www.nasdaq.com.
Sucden Financial Media
ContactsRobert Cantle/Rosetta Smithpress@sucfin.com+44
(0)203 207 5280
Nasdaq Media ContactAndrew
Hughes+44 (0)7443 100896Andrew.Hughes@nasdaq.com
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