Mantara Eliminates Need for Post-Trade Risk Solutions

NEW YORK, March 7, 2013 /PRNewswire/ -- Mantara, Inc., a provider of advanced ultra-low latency trading and risk solutions, today announced a powerful addition to its ExpressWay Risk™ suite. Dubbed 'ExpressWay A-T', the new offering provides a comprehensive at-trade risk solution giving clients the ability to aggregate real-time trade, order, and execution data across a broker's trading infrastructure.

Amidst immense industry focus and adoption of real-time risk controls by financial market participants worldwide, there is a growing need to augment existing tools used to measure risk (pre or post-trade) across disparate trading platforms. Mantara's new ExpressWay A-T utilizes a state-of the-art process with significant advantages over the traditional "drop copy" methodology used for post-trade risk aggregation. These advantages include:

• Zero additional latency to existing workflow
• Risk calculations can be performed "at-trade" without being deployed in the "critical path"
• Order and execution information can be included in a consolidated view of risk across the firm
• No disruption of current trading infrastructure
• Supports all native exchange protocols and can be tailored to any proprietary protocol
• Provides a cost effective independent third-party failsafe mechanism to validate existing risk controls
• Can send a kill message directly into Arista or Cisco switches on a per session or per firm basis
• .NET API available for integration into a broker's proprietary risk software

"We view post-trade risk as a thing of the past. Today, clients can significantly improve their ability to manage risk real-time via the combination of our industry leading pre-trade and at-trade risk solutions," explained Michael Chin, president and CEO of Mantara. "With the speed of trading now measured in nanoseconds, it is not practical to manage risk today relying on archaic methods such as drop copies." 

TABB Group Partner and Director of Research, Adam Sussman, commented, "Market participants need to allocate more resources to improving the safeguards around their automated trading systems in a way that does not negatively impact trading costs. This is because when faced with the choice between a faster trading system and a safer trading system, folks will always choose the former."

"Mantara is widely recognized for its innovative low-latency trading and risk solutions by buy- and sell-side institutions as well as exchanges. Its ExpressWay pre-trade risk offering is a favorite among market participants looking to meet pre-trade regulatory requirements and to manage risk across both multiple asset classes and trading venues with near-zero impact on latency.

ExpressWay A-T is evidence of Mantara's ongoing drive to innovate and bring to market next-generation solutions that take full advantage of cutting-edge technology advances while easily integrating into its ExpressWay product suite.

About Mantara
Headquartered in New York, NY, Mantara, Inc. is transforming global electronic trading through the development and delivery of ultra-low latency desktop trading and risk solutions. With the customizable, broker-neutral Catalyst® platform, the next-generation ExpressWay™ EMS and a low-latency trading infrastructure, Mantara offers innovative solutions to the global trading community, revolutionizing the aggregation, optimization and distribution of trading technology. For more information on Mantara, visit www.mantara.com.

Mantara, Catalyst, and ExpressWay are trademarks of Mantara, Inc. in the United States.

SOURCE Mantara, Inc.