GCEX Enhances Broker Risk Management Tool

Prime broker and broker technology provider GCEX has unveiled enhancements to its XplorRisk risk management product that the firm says helps brokers deploy stronger risk management controls and obtain a better understanding of their clients’ positions, in FX spot, metals and digital assets.

New features include automated rule customisation so that brokers can hedge risk by setting limits on each currency or trading product. The risk rules can be customised, for example by client, by currency or by time of day, and brokers can also now gain a real-time overview of net open positions by currency pair and currency.

“XplorRisk stands as the cornerstone of risk management within GCEX’s dynamic trading solutions for institutional and professional clients,” says Lars Holst, founder and CEO of GCEX. “By enhancing XplorRisk and providing a range of advanced risk management features, we are adding value to our offering, helping clients to optimise their trading operations. With XplorRisk, our clients – whether trading FX or digital assets – now have greater control over risk management, with a complete overview of their exposure and the ability to set up automated controls to mitigate risk.”