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  3. Softek wins eRoom mandate for intra-day credit and risk monitoring
Technology news

Softek wins eRoom mandate for intra-day credit and risk monitoring


13 June 2017 Toronto
Reporter: Mark Dugdale

Generic business image for news article
Image: Shutterstock
eRoom Â鶹´«Ã½, an introducing broker offering institutional brokerage and execution services, has selected Softek to provide intra-day credit and risk monitoring for its web-based client reporting system.

Andrew Powell, COO at Softek, said eRoom is able to leverage Softek’s private cloud-based utility, combining data management, risk analytics and reporting, to monitor near real-time credit and risk across its entire business.

He explained: “Using a combination of our bespoke alert service, applications and reports, eRoom has a complete picture of intra-day risks with minimum effort. It’s been a pleasure to work with their team of professionals and we look forward to working with them as they continue to grow.â€

Mike Maloney, chief risk officer at eRoom Â鶹´«Ã½, which specialises in providing high-touch technology, execution and brokerage services to professional traders, hedge funds, high net worth individuals and institutions trading US options, equities and futures, added: “Partnering with Softek has enabled eRoom’s customers to actively manage margin and capital requirements in near real-time."

"Softek’s service has added value to our leading-edge suite of reporting tools, and gives our clients the ability to manage their trading activity in a time sensitive and effective manner.â€
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