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Publicly listed German fintech broker NAGA has integrated Radar and Apex, two products from liquidity and technology provider iSAM Securities (@iSAMSecurities), adding real-time risk analytics and low-latency execution technology to the infrastructure behind its multi-asset platform.
The two systems address different parts of the broker workflow. Radar is a risk analytics platform intended to give risk and dealing teams a clearer view of client activity, exposure, profitability and trading behaviour, with the aim of surfacing trading patterns earlier and supporting more data-driven decisions on the book. It also includes Network Alerts, a feature that looks beyond a single broker's own flow to identify linked accounts, behavioural patterns and trading clusters across the wider broker network — the kind of cross-client visibility brokers use to detect coordinated or copied strategies that can distort risk exposure.
Apex is iSAM Securities' bridge technology, covering pricing, liquidity, routing, hedging and execution settings. It gives dealing teams control over how latency-sensitive flow is handled and how liquidity provider pricing is distributed, an area that comes under particular pressure during volatile market conditions when quote stability and routing decisions have a direct bearing on execution quality.
Taken together, the two deployments are positioned to let NAGA support higher trading volumes and a growing client base while reducing the manual load on its risk and dealing teams, with the intention of keeping control over exposure, execution quality and ultimately broker PnL as the business expands.
"We are delighted to support NAGA with both Radar and Apex. By combining real-time risk analytics with precise execution control, iSAM will help drive NAGA's broader expansion plans." — Dennis Weissert, Chief Commercial Officer, Apex
"Bringing Radar and Apex online is a major milestone in our technology roadmap. This project gives our risk and dealing teams the real-time visibility and execution control they need to scale confidently, and it reflects the level of cross-functional coordination we're driving across NAGA's platform evolution. We're proud to partner with iSAM Securities on a rollout that directly supports our next phase of growth." — Philip Tatarov, Head of Projects at NAGA
NAGA, listed on XETRA under N4G0, operates a SuperApp that combines trading, stock and ETF investing, crypto, social trading and neo-banking in a single platform, including autocopy trading and an integrated VISA card with fiat and crypto conversion. The group reports a community of more than 2.6 million users across more than 100 countries, supported by 10 local offices and multiple regulatory licences — a footprint that helps explain the emphasis on automated risk visibility rather than desk-level monitoring.
iSAM Securities is a liquidity and technology provider offering multi-asset liquidity, proprietary technology, prime services and real-time risk analytics to institutional clients and trading venues. The firm is regulated by the FCA and the SFC and registered with CIMA, operating through entities including iSAM Securities (UK) Limited, iSAM Securities (HK) Limited, iSAM Securities (Global) Limited, iSAM Securities (USA) Inc., iSAM Securities (EU) Limited and iSAM Securities Limited.
