Nasdaq's Real-Time Risk Platform
Strengthen transparency with sophisticated risk tools and aggregate exposure across markets, asset classes, regions, and accounts, all in real-time with Nasdaq’s SaaS-deployed, cloud-native Risk Platform.
Cloud-Native Risk Management Technology, Built for Capital Markets
Manage the Risks that Matter
Multi-asset global coverage provides the transparency you need to address risk upfront while protecting at-trade and post-trade impacts across your own book, as well as your clients’ portfolios.
Change the Paradigm of Real-Time Risk
With streaming real-time risk analytics available via Kafka, you can ensure that your analyses are always leveraging the latest data to empower critical decisions with stress test results, VaR results and ability to position P&L and market data details.
Get to Market Faster
Nasdaq Risk Platform’s cloud-native infrastructure coupled with pre-configured & built connectivity across a wide range of markets, instruments and data execution providers empowers client onboarding in as little as 6 weeks.
Continuously Enhance Your Risk Practices
New releases are deployed every 3 weeks so that you’re always aligned with the latest enhancements and product evolution.
Driving Risk Agility for a Wide Array of Capital Markets Constituents
Improve Capital Efficiency While Elevating Customer Relationship Management
Aggregate live positions with views of margin and exposure across trading venues and across your book of business to help you protect your business while improving capital efficiency and empowering growth. Offer users a consolidated view of risk across a broad range of asset classes including Fixed Income, Equities and Equity Options, Exchange Traded Derivatives and Foreign Exchange
Accelerate Revenue Impact, Decreasing Operational Risk and Regulatory Exposure
Manage market swings with confidence leveraging aggregated live positions and transparency into trading exposure across exchanges in a single view. Help manage regulatory needs under MiFID II, RTS, SEC rules 15c3-1 a (6) and 15c3-5, while also empowering capital deployment optimization.
Service Your Clients More Effectively, Increase Profitability and Facilitate Growth at Scale
Gain real-time visibility into trades, positions, margins and exposures across exchanges, clearinghouses and your entire book of business to identify cross-client risk upfront while enabling improved capital allocation and client responsiveness.
Limit Exposure to Price Swings and Distortions in Supply and Demand
Increase agility in your business strategy. Nasdaq Risk Platform provides visibility and controls to help you become more sophisticated in your hedging strategies while helping you unlock capital to deploy on opportunistic investment activities.
See Why Nasdaq Risk Platform is Growing 50% YoY
Number of customers using Nasdaq Risk Platform increased by over 50% in the last 12 months, reflecting substantial increase in demand for real-time risk capability.
24/7 multi-asset coverage across equities, derivatives and commodities venues globally
Real-time margin replication to reduce credit and liquidity risks
Exposure management related to Regulatory Capital and Client Asset Protection
Calculate Value-at-Risk (VaR), risk scenarios, portfolio margin, and limit checks for each account
Cloud-native SaaS solution built using an open-source software stack
Rapid delivery of new functionality in line with market changes every 3 weeks
Real-time P&L, theoretical pricing, stress testing and VaR calculation of fixed income products, such as government bonds, corporate bonds, and convertible bonds.
Intraday stress testing tools that are help isolate and manage specific risks within large and complex scenario sets
Asset Class Coverage
Cash Equity & Equity Options
Exchange Traded Derivatives & Fixed Income
FX
Bullion
Energy Futures & Options
ETD Commodities
Customer News
Nasdaq Expands Bank and Broker-Dealer Risk Platform into Asia
As a leading broker in Thailand, Kiatnakin Phatra Securities (KKPS) adoption of Nasdaq Risk Platform highlights their dedication to pushing the boundaries in real-time risk monitoring and control.
Read the Press ReleaseQ&A with Thai Broker KKPS on Why They Use Nasdaq Risk Platform
Sukit Tangmanenimit, Managing Director, Head of Equity and Derivatives Markets Group at Kiatnakin Phatra Securities, discusses the key business drivers for adopting Nasdaq Risk Platform and how the Thai broker will leverage the real-time, SaaS-deployed Risk Platform.
Read the Q&AHow Can Nasdaq's Risk Platform Help You?
Flexible and functionally rich, Nasdaq Risk Platform can benefit organizations firmwide to efficiently assess, understand and proactively manage risk exposure in aggregate. Empowered with real-time insights and risk analytics, key team members can communicate with clients earlier and optimize capital allocation and deployment while mitigating operational and regulatory risks upfront.
Traders
Monitor the real-time effects of market swings on your entire portfolios with deep visibility into P&L, limits and open order exposure for a holistic, aggregated view of your book. Leverage what-if analysis and other sophisticated tools to assess the impact of additional trades on your book.
Risk Managers
Understand firmwide trades and positions in real-time against defined limits with proactive notifications before a limit is breached. Employ real-time analytics across a portfolio of tools to evaluate your risk profile against several scenarios and parameters.
Account Managers
Assess clients’ trades and positions in real-time against the account-level limits and receive notifications when a client is in breach of a limit, to proactively communicate.
Executive Management
Dive into both client-by-client and desk-by-desk exposure over a time horizon to empower constructive discussions on limit utilization, capital utilization, performance, regulatory or operational risks and a variety of other time-sensitive strategic decisions.
Latest Articles & Client Stories
Read our latest article series on stress testing and portfolio margining and learn more about latest industry client stories.
Nasdaq Risk Platform enables us to generate historical activity and allows us to get as granular as we want. In short, the flexibility has given us greater data insights into a single source of truth.
-- Clay Goodson, Relationship Manager, HilltopSecurities
Effective risk management is essential for our diversified operations. We have worked with Nasdaq to develop a powerful real-time multi-asset risk management platform, which will further improve efficiencies within the business.
-- Mike Coomber, Chief Risk Officer, Sucden Financial
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Learn MoreFAQs
A risk platform provides wide-ranging risk management tools to help users minimize risks in regulated, latency-sensitive, high-volume and global trading environments. With a risk platform like the Nasdaq Risk Platform, you can monitor and manage your aggregate risk exposure across markets, asset classes, regions and accounts in real time.
Leveraging a cloud-based platform enables rapid scaling and real-time performance. A consolidated risk infrastructure can help firms generate efficiencies by removing multiple legacy solutions, minimizing operational risks and focusing on core revenue-generating activities. A SaaS deployment method can shorten customer time-to-market, increase customer return-on-investment (ROI) and ensure a more frequent delivery cycle.
Whenever possible, we like to understand your interests and pain points so that we can highlight the product capabilities and functionality most relevant to your business. At a minimum, you can expect to come away with an understanding of: asset class and market coverage; the risk functionality and exposure that Nasdaq Risk Platform monitors; how limits, alerts and visualizations can be leveraged; and the setup and support model. Demonstrations, however, are an open dialogue and can be used to dive deeper into questions and use cases in which you are interested.
Nasdaq Risk Platform is deployed in Amazon Web Services (AWS) across multiple availability zones and can be made further resilient by leveraging multiple regions.
Typically, Risk Managers, Treasury, Heads of Desks and Senior Management can all benefit from using Nasdaq Risk Platform, which can consume all of your intraday trade flow into the system while also replicating Exchange Margin payable to the relevant exchanges.
Energy Futures and Options
Exchange-Traded Derivatives
- Spreads, options on spreads
- Averaging and eroding futures
- Spreads/options on above
- Freight
- Power
- LME OTC averages, Monthly Average Futures and TAPOs
Equities and Options
Fixed Income Securities:
- Government bonds
- Corporate bonds
- Convertible bonds
Foreign Exchange (FX Spot, Forward and Spot)
Bullion
OTC Lookalikes
Exchange and Clearing House Coverage:
o 40+ exchanges, including:
- ICE
- CME
- EUREX
- NASDAQOMX
- NODAL
- EEX
- SGX
- MEFF
Real-time risk exposure can be calculated for:
- Profit and Loss
- Concentration and Liquidity
- Equity/Cash
- Market Value
- Net Liquidation Value
- Open Trade Equity and Option Value, Implied Volatilities and Greeks for non-linear instruments
- What-If Capability
- Margin Call calculations
- Margin Calls (incl. Cash Collateral and Credit Lines)
- Filtered HVaR Engine (including Stressed VaR)
- Capital Requirement Calculation
- Open Order Exposure
- Order Checks
- Duplicate executions
- Order rates
- Price collars
- Restricted List
- Reg SHO/Short Availability
- For all of the above, the system supports:
- Limit Monitoring and Alerts with Notification Centre
- Dynamic Aggregation and custom metric support
- Nasdaq Risk Platform supports calculation of Historical Value-at-Risk (HVaR).
- The model used in Nasdaq Risk Platform is a full revaluation model without any approximations. The platform supports both unfiltered or filtered (volatility scaled) Value-at-Risk and Expected Shortfall. Value-at-Risk calculation in Nasdaq Risk Platform consists of three main steps:
- Calculation of Unit Profit-and-Loss
- Calculation of Portfolio VaR
- Calculation of VaR attribution
The service offers customers the ability to set up different types of limits against (but not limited to) the measures outlined in the question directly above referring to VaR support.
Limits are set up at specified node levels against system-calculated data. Notifications are managed by the Limit Monitor, Notification Centre and Limit Monitoring and Alerts Dashboard. The service allows limits and their thresholds to be configurable.
Complete our Contact Us form and a member from the Nasdaq Risk Platform team will reach out to discuss your needs.
- Real-time visibility – view exposures and Exchange Margin replication as trades are being executed across multiple systems in real time with integrated Initial Margin calculations and limit monitoring combined across asset classes.
- Singular view – one harmonized view of risk, which provides market, counterparty and liquidity risk in one platform to improve and enhance the risk remediation process while providing business insights to senior management and reducing costs.
- Dynamic aggregation functionality – aggregate risk holistically into a single, dynamic, real-time view based on each customer and user’s unique risk policy needs.
- Ease of adoption – cloud-native architecture allows for rapid implementation, reduced time-to-market and optimized performance.
- Scalability – microservice architecture for horizontal scaling of compute enables consistently high performance as volumes and market conditions change, allowing firms to adapt based on market volume and requirements.
- Connectivity – system functionality is exposed via REST APIs, allowing customers and customers’ services to connect and consume Nasdaq Risk Platform services and functionality to enhance external ecosystems and improve operating models.
- Assurance – firms can better anticipate and mitigate risk in real time with Initial Margin What-If calculator, which enables firms to stress test different scenarios and further optimize capital efficiency and maintain regulatory compliance.
- Stability and reliability – backed by Nasdaq’s continuous commitment to research and development and best-in-class information security protocols.
- Software-as-a-Service (SaaS) – Nasdaq deploys new releases to the platform every three weeks using an Agile methodology to advance Nasdaq Risk Platform’s goal for clients to have the most performant and updated functionality without incurring internal costs to upgrade their technology stacks.