HPR Announces Spabot(TM) to Support Firms Leveraging Exchange Sponsored Access
Friday, April 11, 2025
BOSTON, April 7, 2025 /PRNewswire/ -- HPR, the leader in high-performance capital markets infrastructure solutions, today announced Spabot, a Sponsored Access risk management solution that addresses brokers' market access obligations. As an addition to HPR's existing portfolio of premium solutions, Spabot captures pre- and post-trade activity with complete exchange API control allowing existing clients to seamlessly integrate this offering into existing central enterprise risk applications. Features include a unified kill switch, the ability to set individual controls, as well as HPR enforcement actions directed to exchanges.
HPR Founder and CEO Anthony Amicangioli said, "We converted a challenge to an opportunity by protecting our brokers who required a comprehensive solution, allowing them to mix and match pre-trade, at trade, and enterprise risk controls onto a single and unified platform."
"While our premium solutions continue to offer clients the highest quality Direct Market Access (DMA) risk management solutions, Spabot mitigates certain risks introduced by individualized controls offered at various exchanges. As a core benefit of our comprehensive platform, broker firms have the utmost flexibility to drop in Spabot as an addition to their existing HPR deployments of Riskbots® or Softbots."
Spabot combined with the company's enterprise risk solution offers a holistic view of risk across all venues, which is paramount for brokers who need a single, centralized location to set controls, monitor, and visualize risk and trading activity.
Firms benefit from the integration of DMA gateways and sponsored access flow for risk aggregation and greater risk control (e.g., duplicate order checks and rate-based controls).
As an option, firms can also elect to capture data as soon as an order is submitted, enabling increased accuracy of order arrival times and faster visibility of aggregated risk issues.
About HPR
HPR is a comprehensive Platform-as-a-Service (PaaS) provider delivering high-performance hardware and software capital markets infrastructure solutions. Powering global tier-1 brokers, hedge funds, and proprietary trading firms, HPR takes a unified approach to supporting electronic trading technology and enterprise risk management with unparalleled speed, efficiency, reliability, and determinism. HPR's products, all offered as a fully managed service, provide ultra-low-latency pre-trade risk management, Direct Market Access, market data delivery, and matching engine technology. For more information, visit www.hyannisportresearch.com.
Media
Diane Levich
dlevich@hyannisportresearch.com
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SOURCE HPR
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