Lime Brokerage unveils new risk management tool
Lime Brokerage has launched a new risk management application, LimeDirect that offers near frictionless trading by allowing the client to control the market drivers and network.
The company said that the pre-trade risk offering has yielded a benchmark average of less than 250 nanoseconds of added latency in results till date.
Lime Systematic Trading Division managing director David Polen said that it's a flexible solution that can be deployed as a part of an existing platform or as a stand-alone technology service.
A new version of Lime Brokerage hardware and software, LimeDirect offers near-zero latency, and is designed to meet the direct and exclusive control requirements of the SEC Market Access Rule (15c3-5).
LimeDirect enables clients to use their existing market drivers, manage market connectivity, and add new order types at will, and new protocols.
It also allows clients to use the company's market drivers for some markets, and their own drivers when they are most concerned about latency and control, the company said.
Lime Brokerage is a subsidiary of financial services firm Wedbush and offers ultra low-latency, ultra high-throughput trading technologies.

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