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Industry news

Softek enables Triad on credit and risk management


08 February 2017 New York
Reporter: Drew Nicol

Generic business image for news article
Image: Shutterstock
Triad Securities has selected capital and credit management provider Softek to provide intraday credit and risk monitoring and alerting.

Larry Goldsmith president of Triad Securities, explained that partnering with Softek has enabled Triad to actively manage credit and market risk.

鈥淭his empowers our operations, trading and risk groups to proactively manage the client relationship with the customer-first attitude our clients have come to expect from Triad,鈥 he added.

Andrew Powell, COO at Softek, commented: 鈥淭riad is able to leverage Softek鈥檚 private cloud-based utility, combining data management, risk analytics and reporting, to monitor near real-time credit and risk across their entire business.鈥

鈥淯sing a combination of our bespoke alert service, applications and reports, Triad is able to get a complete picture of intraday risks with minimum effort. It鈥檚 been a pleasure to work with their team of professionals and we look forward to working alongside them in the future.鈥
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