US-based options execution and technology provider DASH has launched two new products – DASH360 Risk, which enables traders to manage their market access needs and DASH360 Allocations, which addresses post-trade allocations of options and of stock transactions.
DASH360 Risk provides sell-side businesses with real-time visibility into all activity at the firm, account, or trader level, including risk limit consumption, risk violations, and alerts. Other features include the ability to manage 15c3-5 thresholds, related to SEC market access controls, directly through the risk module and view risk settings and request changes for authorized personnel. The add-on also allows reporting of historical risk limit settings, requested changes, and historical usage.
SEC Rule 15c3-5 requires firms with market access to establish and maintain risk management controls, policies, and procedures to manage operational risks associated with accessing trading securities directly or through systems. alternative trading.
DASH360 Allocations allows users to dynamically allocate option and stock executions on a pre- or post-trade basis while capturing all necessary client reference data. Other features include the ability to consume formatted end-of-day files to automate allocation tasks and reporting capabilities for operational and compliance audits, as well as billing functions.
Tim Miller, co-COO of DASH, says: “Since our inception, we have been committed to making all aspects of trading and execution as efficient as possible and this commitment extends to workflow solutions and compliance. We are excited to launch two new products that address critical business lifecycle components, both delivered in our DASH360 suite. »