Flyer Formula One Risk DMA Gateway

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Managing low latency DMA connectivity with per–order, aggregated position and compliance–level risk is now easy with Flyer Formula One DMA Gateway. Flyer Formula One provides a robust suite of pre–trade risk controls and features built to protect and comply with today’s complex regulatory requirements. And it’s built for speed, to meet the demanding performance requirements of automated trading clients.

Flyer Formula One offers a centralized platform to manage trade flow for equities, options, commodities and futures. Inline FIX message processing integrates directly into the trading pipeline, providing comprehensive multi–asset risk checks, verifications, and control actions — all the tools needed to ensure compliance with Rule 15c3–5 and other local market rules.

Key Features

Configure risk controls and extend boundaries per-order or by aggregated position, including compliance level risk:

  • Position Limits that are aggregated per asset class or by instrument so you can monitor entire risk exposure, supporting equities, options and futures
  • Message Restrictions and validations, by approved FIX message types or symbols, market destination and other parameters
  • System Level checks connection status, latency level checks
  • Notional Value and order quantity thresholds
  • Dynamic Price Rules that test price collars either raise warnings or are rejected
  • Order Instruction check for illegal combinations of order modifiers
  • Stale Order checks that block transactions that are too old compared to the actual received time
  • Duplicate Order detection by order ID and other parameters
  • Short Validation to halt trades requiring a locate on an instrument not commonly available. Includes hard to borrow quantity check

Key Benefits

Empower the Trading Desk with Real-time Control and Visibility

  • Certified and normalized FIX routing to hundreds of global markets
  • Integrates with all leading vendor trading systems and networks
  • Easy-to-use web console for on-the-fly configuration and interaction with actionable orders - Quickly halt trading, restrict users, disable clients, and change white or black symbol lists
  • Order entry tools for adjusting positions on the fly
  • Simplify IT and Improve Operational Efficiency
  • Compatible with vendor and proprietary Order Management Systems
  • Simplifies drop copies with a single normalized feed into your back office systems
  • Turnkey integration with the Flyer Daytona alerting, monitoring and trade surveillance platform - Leverages open standards for per session message throttling
  • Supports automatic expiration of client orders based on time to fill
  • API access for all gateway and risk functions

Gives you control when risk controls are breached. Supports the following actions:

  • Warn with alerts — send an email or raise a Daytona alert, but pass the order through to the destination
  • Pause with alerts — requires manual intervention and routes the order to an internal blotter for manual intervention
  • Reject with alerts — reject the order with an explanation. Optionally raise an alert using our Daytona monitoring application

Flyer Formula One’s console application gives you control when risk checks are breached. Order messages that trigger the checks can raise alerts, send automatic rejects, or pause the workflow for manual intervention.

Product/Service details

Geographic Availability
Europe, North America