Spotex introduces risk engine to aid PB expansion
Periscope allows multiple levels of brokers to extend access to the firm’s institutional ECN
A new risk engine within the Spotex technology system is handing foreign exchange prime brokers the ability to track credit and margin exposures at a multi-broker level, a move that is expected to help some providers grow their businesses.
Dubbed Periscope, the tool sits within the Spotex white label broker technology system and institutional electronic communication network (ECN), aggregating and monitoring the exposures at each broker level. This enables a prime-of-prime (PoP) or broker at
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