KRM22 is pleased to announce that it has entered into an agreement with a leading Global Investment Bank to deliver its Pre-Trade Limit Approval application across European, US and Asian derivative trading desks.
With the increasing number of trading applications available on the market and traders demanding to use a platform of choice, trade support and risk management teams are spending a significant amount of time setting and managing trading limits across multiple platforms. Firms are looking for ways to consolidate this effort into one centralised location with a turn-key solution that removes the need for heavy investment and on-going maintenance that in-house development demands.
KRM22’s Limit Approval was chosen by the bank because of its ability to provide one-user interface to administer Pre-Trade limits to several exchange trading applications and ISV platforms, in a cloud based, easy to deploy manner. Working closely with the bank, KRM22 was able to define and automate workflows across the limit change request/approval lifecycle to ensure the appropriate level of oversight from trade support and risk personnel, while expediting the change request process for end-users. By consolidating communication across teams and reconciling limit information into one place, KRM22’s Limit Approval provides a complete audit trail of all trading limit activity across user accounts and entities, allowing the Bank to quickly access information and identify patterns or behaviours across trader groups.
Dan Carter, Chief Client Services Officer at KRM22 said, “KRM22 is delighted to welcome onboard the newest member to the Global Risk Platform community and deliver greater control over their pre-trade risk workflow. We have seen an increasing demand for tools that manage pre-trade risk more effectively and our Limit Approval product is uniquely positioned to do just that”.
KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' market, compliance, operations, and technology risk challenges and to manage their entire enterprise risk profile.
Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha. KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centers.
Learn more about KRM22 at www.KRM22.com.