PDQ ATS picks Eventus platform for risk surveillance
Christopher Meade, PDQ ATS
Eventus Systems, a US-based provider of data processing and analysis solutions, has signed PDQ ATS for its flagship Validus risk and surveillance platform.
PDQ ATS, an independent alternative trading system for equity market participants, will use Eventus’ Validus platform for a centralised look at trading, operations, surveillance, compliance and risk management information for both buy- and sell-side firms.
Eventus says it is the “only run-time enterprise risk and compliance platform on the market capable of spanning the front-, middle-, and back-office”.
Christopher Meade, chief compliance officer of PDQ ATS, says: “Implementing Validus dramatically increases PDQ ATS’s ability to surveil risk exposure and market activity in both real-time and historical scenarios.”
PDQ ATS’s equity trading platform generates “unique” liquidity in response to each market order through a patented on-demand auction process.
In February, PDQ ATS averaged 122.3 million shares executed per day in both the ATS and via PDQ’s extensive custom routing options, with an average of 14.3 million shares per day traded in the ATS.
Last month, it was reported that UBS Securities signed up for the Validus platform. The implementation has just begun.
