Softek, a leading provider of Capital and Credit Management solutions, today announced that eRoom Securities LLC - an introducing broker offering comprehensive Institutional Brokerage and Execution services - has selected Softek to provide intraday credit and risk monitoring for their web-based client reporting system.
Mike Maloney, Chief Risk Officer at eRoom Securities said; “Partnering with Softek has enabled eRoom’s customers to actively manage margin and capital requirements in near real-time. Softek’s service has added value to our leading-edge suite of reporting tools, and gives our clients the ability to manage their trading activity in a time sensitive and effective manner.”
Andrew Powell, COO at Softek commented; “We are excited to be working with eRoom in support of their brokerage and execution business. eRoom is able to leverage Softek’s private cloud based utility, combining data management, risk analytics and reporting, to monitor near real-time credit and risk across their entire business. Using a combination of our bespoke alert service, applications and reports, eRoom has a complete picture of intraday risks with minimum effort. It’s been a pleasure to work with their team of professionals and we look forward to working with them as they continue to grow”.