DAS Launches New Risk Management System

July 26, 2011 - PRLog -- DAS|INC, developers of DAS|Pro, a reliable and sophisticated trading platform and recognized leader in direct market access, has launched DAS|RMA, an effective and efficient Risk Management system in compliance with SEC Rule 15c3-5. This new rule requires all orders using sponsored access firms, such as clearing firms and broker dealers who offered “naked” market access, to validate all orders through a pre-trade risk system. DAS|RMA has been designed according to the specifications of the new rule passed by the SEC to perform smoothly at high speeds and low latency.

DAS|RMA
Risk Management Admin (RMA) is a full risk management interface that coordinates information on permissions, access rights, trading rights and more for clients, brokers and multi-firm offices. In compliance with the new SEC rule 15c3-5, DAS|RMA successfully completes all required pre-trade risk checks on order acknowledgements at 8 microseconds. After a grueling certification process, DAS|RMA was certified by Penson Financial Services (PNSN) as a third party Risk Management System, ensuring top notch quality and support. DAS|RMA was built using Risk Control Terminal (RCT), a unique communication protocol, connecting any algorithmic box to DAS|RMA by simply writing to RCT.  RCT delivers ultra-low latency solutions for Linux environments at an incredible validation rate of 0.23 micro-second.

The DAS|RMA suite comprehensively performs pre-trade risk checks including Buying Power exposure, Reg SHO on easy to borrow and hard to borrow securities, and proper locate for short sales. DAS|RMA prevents wash sales, displays real-time order execution, and provides visual alert of violation of threshold checks all within one suite.
With DAS|RMA, brokers have excellent risk management tools at their disposal. There is a Kill Switch for halting all trading in MPID or per symbol blocks. Capital controls are configurable by percent of fill ratio. Single Order Quantity is configurable based on maximum size limit on order. Single Order Value is also configurable based on values of securities trading. Also, there are Odd-lot Order restraints, configurable recent orders based on time restraints and configurable repetitive orders restraints.

“Meeting the requirements of the SEC’s new rule and fulfilling the low latency needs of High Frequency Traders, this product will make DAS|INC a power player in the High Frequency Trading game,” said Karen Gentile, President of DAS|INC.

DAS|DMAr
Within our adaptive infrastructure, DAS has also constructed a new fiber powered FIX engine, DMAr, which sends orders at less than 1 millisecond to NASDAQ and under 2 milliseconds to ARCA. DMAr aims to not only lead the industry, but set the industry standard. DMAr’s smart routing capabilities automatically seeks other routes to fill partially completed orders and also interacts with other smart routers and strategies, enabling traders to fill their orders via multiple routes while just entering one order.

DAS|TRT
DAS|INC has also launched DAS|TRT, Trade Reporting Tools, consisting of several reporting tools for a post trade reporting and account management tools to compliment the RMA and Pro products. DAS|TRT includes web-based, light weight but powerful utilities for generating reports on orders, trades, tickets, commission pay outs and account aggregations. The streamlined approach is for adept users who need information quickly, and displayed in an intuitive format. In addition to viewing reports online, reports are exportable to .csv format to be used in various spreadsheet applications or to PDF format for easy printing and sharing.

About
DAS|INC reaches its targeted goals of developing advanced market technology. DAS|INC’s technology has been in development since 2002 and provides complete online brokerage solutions including direct access trading applications, browser-based trading, back-office order management systems, risk management systems, market data feeds, historical data, black-box co-location and market data provisioning, API and FIX execution services. DAS|INC products integrate seamlessly with most firms' existing systems to reduce costs and improve efficiency. DAS|INC, a Nevada corporation, has offices located in New York and Toronto, Canada. DAS|INC technology is collocated in NASDAQ’s primary data center and provides dark fiber connectivity to all major exchanges. DAS|INC trades on the OTC Markets under the symbol: DASX.

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The DAS Trader provides complete online brokerage solutions including direct access trading applications, browser-based trading, back-office order management systems, market data feeds, historical data, black-box implementation & API execution services.