HPR (Hyannis Port Research) has launched CRM-X, the newest version of its Central Risk Manager (CRM), which provides a real-time, pan-regional view of risk that encompasses all equities markets globally.
With CRM-X, the provider of advanced capital markets infrastructure (CMI) technologies aims to solve one of the most significant operational challenges faced by global banks and trading firms, who typically manage operations via regional silos.
Powered by its service-oriented architecture that underpins the firm’s entire technology platform, CRM-X is able to provide management teams with a single view of risk across more than 90 markets globally despite their disparate regulatory requirements, currencies and market structures.
Anthony Amicangioli, Founder and CEO of HPR, said:
“A unified, global, pre-, at- and post-trade risk management system has long been an aspirational goal of the industry’s most sophisticated brokers and trading entities. CRM-X will enable firms to ‘follow the sun’ and leverage cross-regional margin accounts globally. Without question, there is a movement today toward a singular, global trading grid that emulates the service-oriented architectures employed by the largest cloud-native technology companies. The major banks and trading firms appreciate the remarkable efficiencies these architectures provide. The launch of CRM-X on the Unimus framework is another example of how HPR is extremely focused on helping them to achieve that vision.”
Tom Wilson, Co-Founder and Head of Business Development, added:
“We spent our first years at HPR working on developing the industry’s most advanced trading platform and hardware. We then widened our focused to enhance our software, networking and application framework. Our two most recent products – Omnibot and CRM-X – represent the fruits of that strategy. We are excited about these launches and believe that HPR is well-positioned to continue helping the industry’s leading market participants transform their technology infrastructures, and effectively compete over the coming decades.”
HPR has recently introduced significant new offerings, including Omnibot – a networking device that integrates direct market access, risk management, data delivery and latency capture functionality into a multi-application switch – and the rollout of its Riskbot platform – an ultra-low latency market access and pre-trade risk management system that now includes support for the critical HK-China Stock Connects.
HPR was named “Best Pre-Trade Risk Controls Provider” at the 2018 Intelligent Trading Technology Awards. The company’s pre-trade risk platform, which includes its two flagship products Riskbot and Softbot, targets banks and brokers who provide sponsored access services. Approximately 15% of the Australian market’s equity volume and approximately 10% of the US market’s equity volume is handled by the two products.