Fusion Systems

Fusion Systems’ Raptor goes live on Bombay Stock Exchange (BSE) with leading global sell-side firm

Fusion Systems announced that Raptor, a leading ultra-low-latency market gateway and risk management solution, is live with high volume order flow on the Bombay Stock Exchange (BSE). In addition to BSE, Raptor has been live on both the equities and derivatives segments of the National Stock Exchange of India (NSE) since 2012.

Raptor provides brokers and proprietary trading groups with FIX/OUCH and market-native direct market access and risk management for all major Asia-Pacific equities and derivatives exchanges, including alternative venues. Raptor, maintains one of the lowest contractually-committed latencies available, ranging from <2 microseconds (market-native connectivity) to <20 microseconds (FIX), at order rates of up to 10,000 TPS per server with pre-trade risk checks embedded.

Raptor feature set and risk management capabilities include:

• Cumulative portfolio risk filters
• Margin collateral management
• Stock and loan inventory management
• Order state management
• Short-sell risk filters
• Self crossing control
• Moving average price check
• Investor ID support
• Advanced order types (pegging, etc.)
• Algo order support
• Drop copy
• Real-time monitoring and control via Flux
• Failover and full recoverability with no single point of failure
• Notifications via e-mail for risk limit breaches and warning levels

Raptor Flux for Monitoring and Control:

Flux is a real-time command and control front-end for electronic trading desks and operational support, enabling monitoring and control, including real-time latency, flow rates, network and system health monitoring.

Flux provides:

• Integrated latency reporting and monitoring
• Masking – Investor ID/Account/Client masking
• Mass cancel – system wide or client specific
• Bring up/down client or exchange sessions in real-time
• Update risk limits and balances intraday
• Alert support privilege – such a user can only view the alerts
• Pushed alerts, with easy drill-down navigation
• Role based visibility

Benefits:

• Provides a global view of all trading activities
• Allows precise control over multiple levels of internal and client market risk
• Helps enable improved account and market risk management
• Provides unified management interface