Austin, TX, and Glenview, Ill., April 13, 2016 – Eventus Systems, Inc. (“Eventus”), a software provider focused on providing real-time holistic risk management capabilities to capital markets, has been selected by PDQ ATS, Inc. (“PDQ ATS”), an independent alternative trading system that provides customized execution and unique liquidity generation for equity market participants, to enhance the risk management and surveillance components of its trading market. Eventus’ Validus platform has been fully deployed across PDQ ATS where it will provide a broader view of risk exposure across all of PDQ ATS’ broker dealer and institutional subscribers.
Validus’ proprietary design provides a centralized look at trading, operations, surveillance, compliance and risk management information for both buy- and sell-side firms, and is the only run-time enterprise risk and compliance platform on the market capable of spanning the front-, middle-, and back-office.
“From our perspective, Validus is the best risk and surveillance technology available to strengthen our commitment to a fair and efficient marketplace and protect our subscribers and trading partners,” said Christopher Meade, Chief Compliance Officer of PDQ ATS. “Partnering with Eventus and implementing Validus dramatically increases PDQ ATS’s ability to surveil risk exposure and market activity in both realtime and historical scenarios.”
“PDQ ATS has taken some major strides in creating alternative liquidity sources for market participants and Validus is the ideal solution for managing risk on an ATS, so this was a perfect fit,” said Travis Schwab, CEO of Eventus. “We’re very excited to work alongside PDQ as we continue to create these unique opportunities within the marketplace.”
PDQ ATS’s equity trading platform generates unique liquidity in response to each market order through a patented on-demand auction process designed to maximize trader control. In February 2016, PDQ ATS averaged 122.3 million shares executed per day in both the ATS and via PDQ’s extensive custom routing options, with an average of 14.3 million shares per day traded in the ATS.
Eventus was formed in 2014, with the goal of providing innovative software solutions that focus on processing and analyzing data throughout an organization to more efficiently facilitate intelligent decision making and provide a more holistic view of risk management.
Eventus Systems, Inc. is a financial technology innovation and data management firm that helps clients solve pressing industry challenges through the use of intelligent data. Led by a veteran management team, Eventus brings exceptional talent and pedigree in software development, with a particular expertise in capital markets and high-performance data management. Eventus’ Validus is the only runtime enterprise risk and compliance platform on the market capable of spanning the front-, middle-, and back-office, allowing for sophisticated risk management and surveillance. Through multi-stream data reconciliation and pipelining, Validus offers a high-performance, scalable platform that was built and battle-tested in the toughest market conditions. www.eventussystems.com
ABOUT PDQ ATS, INC. AND PDQ ENTERPRISES, LLC
PDQ ATS is an independent Alternative Trading System (ATS), based in Glenview, Ill., that optimizes liquidity aggregation for market participants via an innovative auction process. PDQ’s on-demand auctions neutralize the speed arms race through a pause that allows for competition among trade responses, while also minimizing the potential for gaming or order leakage. PDQ ATS, Inc. is a registered broker-dealer, member FINRA and SIPC, and wholly owned by PDQ Enterprises, LLC (“PDQ”). www.pdqats.com
Mark Meadows for PDQ
P.J. Kinsella for Eventus