Trade supervision needs to be active, relevant, timely, and intelligent.
Supervisors are busy people.
Electronic trading, especially with algos, black boxes, and interconnection complex trading systems, can become market disruptors. Runaway algos, programming errors, rogue traders and other issues can result in losses like those that caused Knight Capital to lose $440 Million in 10 minutes.
KillSwitchPlus and RiskResponder provide the supervisory team with modern, multi-exchange tools that have leapt over investment industry demands.
These tools provide the supervisory capability demanded by our industry regulators.