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Arctic Lake Technology: Risk Engine
Since the advent of electronic trading, market activity is increasingly driven by automated order flow and speed. Financial institutions (banks, brokers and asset managers) face commercial, financial and regulatory pressure to evolve from basic and fixed risk checks into data driven technology that accurately calculates checks risk with ultra low latency, before orders are permitted to be sent to exchanges. At Arctic Lake, we have met two key challenges in building this technology:
1) These calculations are computationally complex, and we have had to innovate ultra-fast ways to complete these calculations on the fly.
2) Our clients require risk to be checked across all the global markets that they trade in. Current risk systems require all orders to be routed through a centralised technology. Our solution needed to be distributed to avoid sending orders to a geographical central location.