Interactive Data, GlobalRisk join forces to provide risk monitoring tools

Interactive Data and GlobalRisk marked the beginning of the 40th Annual FIA International Futures Conference on Tuesday by announcing they have entered into an alliance to provide multinational brokerages, future commissions merchants and clearings exchanges better insight into trading activities that will reduce costs and risk across functions, whether front- or back-office.

GlobalRisk is incorporating Interactive Data’s pricing feeds into its FirmRisk solution. The real-time or delayed options and futures pricing feeds from Interactive Data’s Consolidated Feed will enable stress testing of data, intraday risk calculations and real-time analysis of trading data, deepening firm insights when they most needed.

"The regulatory focus on risk management in the equities, futures and options industry has demonstrated a need for a reliable, real-time view of trading risk exposure," said GlobalRisk’s Curt Wichmann. "Since 2008, we have seen a dramatic increase in business driven by risk management, and our relationship with Interactive Data has allowed us to provide the most up-to-date data available to service our clients."

Interactive Data's Emmanuel Doe praised the new, combined solution for its ability to “deliver powerful data analytics and provide breadth and depth of coverage to GlobalRisk’s risk management solution.”

"To maintain a competitive edge, firms must be able to acquire global and aggregated content from a large number of sources, trading venues and asset classes, coupled with a complete service which is turn-key to manage their risk,” he said.

Contributing writer: Sean McMahon