TT launches clearing house-style pre-trade risk checks for futures and options.

Trading Technologies International, a global capital markets technology platform provider, has launched Pre-Trade Portfolio Risk on its TT platform. The new functionality, announced at the FIA IDX conference in London, is designed to enhance risk management for sell-side clients and open up more trading opportunities for end-users.
 

The Pre-Trade Portfolio Risk tool enables firms to assess a client’s worst-case margin position at any given time and determine whether there is sufficient buying power before an order is routed to the market. The system distinguishes itself by applying the same risk calculation methodologies used by clearing houses, giving futures commission merchants (FCMs) a more comprehensive view of client exposure compared to traditional pre-trade checks.
 

Alun Green, EVP Managing Director, Futures & Options for TT
 

Alun Green, EVP Managing Director, Futures & Options for TT, commented: “This is a significant step forward in managing risk that will allow a wider range of users to benefit from the award-winning trading features available on the TT platform. Users will easily be able to see how much margin has been consumed by their existing portfolio and how much buying power remains for trading.”
 

The new feature supports a variety of exchange risk protocols, including SPAN, PRISMA, value-at-risk (VAR), and custom models, and operates across more than 20 major derivatives exchanges. It leverages risk parameter files supplied directly by exchanges to ensure calculations reflect the latest market data and can be managed at any account level within the TT platform.
 

Industry reaction has been positive. One institutional trader attending the FIA IDX conference remarked, “Pre-trade risk checks that mirror clearing house standards are a long overdue step for the industry. This should give FCMs more confidence to approve trades without compromising on risk.” Another risk manager at a London-based brokerage said, “The ability to see real-time margin impact before execution is a game-changer for both compliance and trading desks.”
 

The TT platform processed over 2.8 billion derivatives transactions in 2024, making it one of the most widely used platforms globally for futures and options. The platform has received multiple industry awards in 2025, including recognition as Derivatives Trading System of the Year in the Markets Media Global Markets Choice Awards.
 

Trading Technologies operates as a software-as-a-service provider, delivering multi-asset trading technology and risk management solutions to banks, brokerages, hedge funds, money managers, and other institutional clients.