The last 15 years on Wall Street stand as a monument to technological innovation, data analysis and accelerated performance. But despite the size of their balance sheets, these advances were not initially brought forth by household Wall Street names of the time. Instead, the rise of electronic trading that has helped democratize market access and… Read more »
Posts By: ssystems
Succession Systems Participates in SEC Roundtable on Market Data and Market Access
October 2018, Succession Systems is selected to participate in SEC roundtable discussion on policy and public transparency in market data and market access.
Succession Systems Adds Crypto Currencies
September 2017, Succession Systems adds crypto support to its mutli-asset compliance and risk gateway capabilities.
Succession Systems Releases DataCheck® Reports Builder
March 2017, Succession Systems introduces new module designed to aid compliance officers and operations team in the ability to build custom reports to reproduce trade events on demand.
Succession Introduces Low Latency Routing to the TripleCheck Platform
May 18, 2016 Leveraging the TripleCheck® low latency architecture, Succession Systems® adds sophisticated routing capabilities to its flagship platform.
Succession Systems LLC Launches New Website
October 29, 2015 New York We are excited to announce the launch of our new corporate web site. Our goal was to provide visitors with an easier way to learn about our products and the customized solutions we offer our clients. The redesigned web site has an entirely new look and feel. It is interactive,… Read more »
Succession Systems automates trading limits and risk controls between brokers and the Montreal Options Exchange
Message-level integration enables the rapid communication of trading limits between the exchange and brokers. March 2, 2015 New York, Montreal Succession Systems announces certification by the Montreal Options Exchange (“MX”) to integrate and implement a new suite of direct pre-trade risk controls offered by the exchange and integrated and supported by the Succession TripleCHECK system…. Read more »
Connecting the Spine to the Brain: DTCC Limit Notifications
To improve risk controls, different systems across the industry need to start working together. Last month, the DTCC announced a real-time limit monitoring system to alert brokers if they approach pre-set capital limits.Could this help to standardize risk limit notifications across all participants? And, can we connect the spine to the hands and the feet of… Read more »
Market Access and Knight Violation
In 45 minutes, Knight Capital unintentionally acquired a $3.5 billion net long position in 80 stocks and $3.15 billion net short position in 74 stocks. An algo, not able to ‘read’ the accumulated fills, kept sending orders to market. Knight’s proprietary trading systems were not tied into the firm’s overall credi thresholds. Read More