Rabobank and Gatelab collaborate on algo risk controls solution

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Gatelab, part of Euronext Technology Solutions, is pleased to announce, jointly with Rabobank, the successful implementation of a pioneering algorithmic trading test framework.

In accordance with the guidance under RTS6 for investment firms engaged in algorithmic trading, the solution complements the bank’s existing system and risk controls with an independent, production-like ecosystem to control the deployment of algorithms across several Bond trading venues.

Users are able to orchestrate different workflow scenarios and trading conditions to invoke various dynamic algorithmic decision paths and their associated controls in order to assess the potential impact the algorithms may have on the overall fair and orderly functioning of the market. The automated reports produced for each test run facilitate the bank’s regular self-assessment process.

Deployed either on-prem or SaaS managed by Euronext Technology Services, the solution leverages Gatelab’s multi-asset trading technology stack to provide an independent means to run test scenarios, helping firms hone their algo development processes and risk controls.

 

About Rabobank

Rabobank is a cooperative bank with a mission. For 125 years, we have been dedicated to working with our customers, members and partners to create a future-proof society that can overcome important social challenges. Our starting point has always been that together we can achieve more than we can alone.

 

About Gatelab

Gatelab, part of the Euronext group,  is a leading Independent Software Provider offering trading and market access solutions to the global financial community. It provides scalable low-latency solutions to support market-makers, price-takers and brokers in pre-trade, trading and post-trade operations across venues of any asset class on premises or hosted. Gatelab was founded in 1989 and it has offices in Isernia, Milan and London.