KillSwitchPlus is a risk monitoring and a kill switch platform across multiple ISVs and global exchanges. KillSwitchPlus has embedded artificial intelligence to quickly and efficiently evaluate every single order and stop, block, cancel or liquidate positions. KillSwitchPlus can be used to automatically stop out of control algorithms, or rogue traders that exceed loss limits.

The advanced technology around KillSwitchPlus consists of an intelligent network of agents, and a central hub that monitors and controls trading activity at all times. The KillSwitchPlus profiling agent understands the trading trading strategy and profiles the major risk points. The KSP agents can determine the the timing, location, and specifics of which trading activity to be stopped and communicate back to the central hub.

The issues faced by algorithmic trading in the financial industry cannot be resolved by implementing a “harsh kill Switch” that cuts the connectivity pipe between the trading system and the exchange.  Such implementation can introduce more risk and prevent the client from reducing any open market risk exposure. Unfortunately, most attempts in the past of introducing a “kill Switch” took the “harsh” approach and relied on humans to make the call when technology and market moves were already much faster than humans. These issues are interconnected and have to be addressed layer by layer in a fast, intelligent and meticulous way.

The KillSwitchPlus solution can be distributed to both FCMs and Trading firms for timely notifications and increased visibility.

While most other risk systems in the marketplace would cut the pipe between a trading system and the exchange, KillSwitchPlus has the intelligence to automatically block only the offending account using a specific ISV and trading a specific exchange; allowing other customer accounts to continue trading.

Furthermore, KillSwitchPlus has a unique offering that allows cancellation of orders and liquidation of positions across 30+ global exchanges.