People in risk jobs ''to benefit from new patent''

A new patent received by FTEN for its cloud-based technology that offers real-time cross-market risk management will be a real boost to the sector, the organisation has claimed.

Those in risk jobs in London and around the world will now be able to accurately monitor electronically traded securities through normalisation, aggregation and other methods, it suggested.

The company noted risk management is becoming increasingly important for companies in the current economic climate.

It stated: "In light of the 2008 financial crisis, regulators worldwide are evaluating more timely ways of assessing systemic risk."

This is so firms can more easily control the advantages "of increased liquidity and price discovery resulting from high-speed electronic trading", FTEN went on to say.

According to the Financial Times, people in risk jobs may soon be familiar with the package as the enterprise is currently in talks with a number of regulators regarding the implementation of the technology.