Sucden Financial Augments Risk Management with Nasdaq Technology

<p>In a move
to enhance market coverage and data analytics, the London-based Sucden
Financial, a multi-asset execution, clearing, and liquidity provider, has
renewed its agreement with Nasdaq to continue using the exchange's Risk
Platform, the companies announced today (Tuesday).</p><p>Sucden Financial Extends
Risk Technology Partnership with Nasdaq</p><p>The
extended partnership will allow Sucden Financial to enhance its real-time
monitoring, management, and mitigation of market and <a href="https://www.financemagnates.com/terms/l/liquidity/">liquidity</a> risks across its
global proprietary and client trading portfolios.</p><p>According
to the announcement, the updated agreement will integrate improved safeguards
and controls into the Nasdaq Risk Platform. The platform's market coverage will
also be expanded to include new exchanges in Europe, North America, and Asia to
meet evolving client needs.</p><p>"We
prioritize effective risk management across our operations," said Mike
Coomber, the Chief Risk Officer at <a href="https://www.financemagnates.com/tag/sucden-financial/" target="_blank" rel="follow">Sucden Financial</a>. "We are pleased to
extend our partnership with Nasdaq and continue enhancing the platform, which
helps us manage market and liquidity risks across multiple asset classes in
real-time."</p><p><a href="https://www.financemagnates.com/institutional-forex/nasdaq-upgrades-risk-platform-as-demand-from-banks-broker-dealers-jump/" target="_blank" rel="follow">The Nasdaq
Risk Platform</a> is part of Nasdaq's Marketplace Technology business. As one of
the world's largest market infrastructure technology providers, Nasdaq offers
solutions across the trade lifecycle to over 130 marketplaces, clearing houses,
central securities depositories, and regulators globally.</p><p>"In an
ever more volatile environment, real-time risk calculation serves as a great
competitive advantage, improving capital efficiency and reducing financial
burden," Malcolm Warne, the Nasdaq's Head of Product for the Nasdaq Risk
Platform, commented and welcomed the opportunity to deepen the company's
relationship with Sucden Financial. </p><p>Founded in
1973, Sucden functions as a subsidiary of a prominent soft commodity trading
group. The firm extends a broad spectrum of trading services to its clientele,
encompassing various asset classes, such as <a href="https://www.financemagnates.com/terms/f/forex/">forex</a>, metals, soft commodities,
energy, equities, and financial instruments. </p><p>Sucden’s and Nasdaq’s 2022
Results</p><p>Sucden
Financial recently disclosed its <a href="https://www.financemagnates.com/forex/sucden-financial-ends-2022-with-flat-revenue-and-profit/" target="_blank" rel="follow">financial results for the year 2022</a>,
showcasing a stable revenue pattern. The company achieved a net revenue of
£69.5 million, closely aligning with the previous year's figure of £69.8
million. This consistency extended to its profitability, with pre-tax profits
slightly increasing from £18.3 million in 2021 to £18.4 million in 2022.</p><p>The firm
witnessed a recovery in its financial performance over the past two years,
overcoming the downturn experienced in 2020. The impact of the pandemic
significantly affected Sucden's operations during that period, leading to a
drop in revenue and profits. Contributing factors included client defaults,
necessitating full provision by the company, and the temporary closure of the
London Metal Exchange.</p><p>On the
other hand, <a href="https://www.financemagnates.com/institutional-forex/nasdaq-ends-2022-with-70-of-the-largest-global-ipos/" target="_blank" rel="follow">Nasdaq demonstrated robust activity</a> in the Initial Public Offerings
(IPO) segment during 2022. It successfully hosted 156 IPOs, cumulatively
raising $14.8 billion. Nasdaq's prominence in the IPO market was further
highlighted by its facilitation for seven out of ten of the largest global IPOs by
proceeds, including notable entities like TPG and Mobileye. </p><p>Last
year additionally saw the listing of 71 SPACs and 85 operating companies on Nasdaq,
reinforcing its position as a market leader for the ninth consecutive year.
Furthermore, there were 29 company transfers from other exchanges to Nasdaq in
the same period.</p>

This article was written by Damian Chmiel at www.financemagnates.com.