Sucden Financial Expands Risk Technology Partnership with Nasdaq to Enhance Market Coverage and Data Analytics

December 12, 2023 - Sucden Financial and Nasdaq have jointly announced the expansion of their risk technology partnership, aimed at bolstering Sucden Financial's capabilities in monitoring, managing, and mitigating global market and liquidity risks. The partnership leverages the Nasdaq Risk Platform, facilitating real-time decision-making for Sucden Financial across both proprietary and client trading portfolios.

Under this agreement, several additional safeguards and controls will be integrated into the system, accompanied by an expansion of the platform's coverage to include new exchanges in Europe, North America, and Asia. These enhancements are designed to cater to the evolving needs of Sucden Financial's clientele.

Mike Coomber, Chief Risk Officer of Sucden Financial, expressed the company's commitment to effective risk management, stating, "We prioritize effective risk management across our operations. We are happy to extend our partnership with Nasdaq and continue enhancing the platform, which helps manage our market and liquidity risks across multiple asset classes in real-time."

Malcolm Warne, Head of Product for the Nasdaq Risk Platform, welcomed the opportunity to deepen the partnership with Sucden Financial, acknowledging their leading role in the industry, "We welcome the opportunity to deepen our partnership with Sucden Financial, who are operating at the forefront of the industry. In an ever more volatile environment, the ability to calculate risk in real-time serves as a great competitive advantage, unlocking overnight liquidity, improving capital efficiency, and reducing the financial burden of legacy risk systems. By offering a fully managed service our clients can focus on business expansion and risk management, rather than operating risk infrastructure."

Nasdaq's Marketplace Technology business, recognised as one of the world's largest market infrastructure technology providers, serves over 130 marketplaces, CCPs, CSDs, and regulators in more than 50 countries. Their multi-asset solutions provide reliability and scalability throughout the trade lifecycle, fostering efficiency, transparency, and liquidity with exceptional resiliency.

The company's risk technology is widely adopted within the banking and broker-dealer community, with continuous delivery of new functionality to clients every three weeks. Leveraging cloud-based technology and deployed via SaaS, the Nasdaq Risk Platform stands ready to rapidly scale, providing invaluable support to clients during periods of extreme market volatility.