| Checks | Description |
|---|---|
| Financial Control Aggregation | TRAFiX Information Protocol enables high speed sharing of financial and position information providing scalability and to ensure that risk parameters are assessed on a aggregate basis |
| Buying Power | Validation across defined "buying power group" or group of accounts |
| Fat Finger Checks | Max Price, Max Quantity, Max Notional Value Limits. Additional controls and layers can be configured at an account level or trading destination |
| New Order Rate/Throuput Limit | Continuous and separate burst rate limits, configurable at a firm or per account basis. Configurable action if rate is breached (notify-only, reject, or disable trading) |
| Easy to Borrow & Locate Validation | Validates that only short-sale orders with appropriate locates are routed out to destination for execution. Validation is dependent upon configuration at client or clearing-type DVP or Margin |
| Order Marking Validation | Configurable to validate or automatically mark the client orders for Reg SHO compliance. Validation will reject inappropriately marked orders, auto-mark will adjust the sell order to long/short as appropriate |
| Allowed Products | Prevents trading in specific asset classes, symbols, and other factors configurable on a per client basis |
| Restricted List | Prohibits trading in a list of securities defined by broker-dealer and end-user |
| Access Controls | TRAFiX OMS restricts access by IP validation, account, username, and password |
| Boundary Price Validation | Orders can be evaluated against current market price and can be rejected if limit prices varies more than pre-defined % away from prevailing market |
| FIX Drop Copy | Configurable drop copy messages or echo messages to capture order related events |
| EOD RMS Recap | EOD Review of days's trading activity to determine if a day-trading call or breach has occurred |
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