FTEN

About FTEN

FTEN, which stands for Financial Technology Exchange Network, was a financial technology company founded in 2001 and headquartered in New York City. The company developed a software platform focused on real-time risk management for high-frequency and algorithmic trading.

FTEN provided solutions for pre- and post-trade risk management, trade surveillance, and market data, enabling broker-dealers, traders, and clearing firms to manage their risk exposure across various markets and asset classes in real-time. Its technology was designed for high-volume, low-latency environments, processing billions of executed shares daily. The platform offered a consolidated view of risk, allowing firms to monitor their intraday risk profiles globally and utilize capital more effectively while improving regulatory compliance. Key clients included leading broker-dealers and high-frequency trading firms.

In December 2010, NASDAQ OMX Group announced its acquisition of FTEN. At the time of the acquisition, Ted Myerson was the Chief Executive Officer of FTEN. The deal was intended to enhance NASDAQ's risk management offerings by integrating FTEN's comprehensive, cross-market capabilities with its own. Following the acquisition, FTEN's solutions were set to be offered to NASDAQ's global base of broker-dealers and the international exchange community.