Exchange Systems Technology (EST) now offers a new high technology Application
Programming Interface (API) in the latest release.
The main feature of this release is a new API that provides users the ability to integrate MarginClick seamlessly into trading and pre and post trade risk
management applications. The API uses a direct ODBC connection from the host MarginClick Oracle 9i database into the users existing technology environment. The main benefits to the user are the ability to electronically pass large volume margin requests from ISV platforms and receive accurate results quickly to provide a high level of pre and post trade risk management. Recent benchmark tests range from sub-second trade and order requests to once-off huge 'universal' position demands.
'This new MarginClick API provides significant benefits to those users who want to incorporate margin based risk controls into their front end trading and risk management systems', says Patrick Thornton-Smith MD of MarginClick Limited.
'Post trade risk management is becoming a crucial part of the trade cycle as ISV users are demanding more than just basic lot limits and or crude 'pilot error fat finger' risk controls'. The technology gap between execution and clearing is narrowing and the MarginClick API closes this. As part of our suite of proven relational technology products - Eclipse and MarginClick - we are unique in offering powerful applications and components across the whole trade cycle by embracing proven products all derived from low cost, high performance technology tools such as Oracle, Java and Sun Solaris', adds Thornton-Smith.