Platform · Post-trade

Risk and compliance: breaches stopped at order entry, not found afterwards

Pre-trade limits, live margin, surveillance, AML and maker-checker run on the same data as every order.

In short

ZagTrader enforces risk and compliance inside every order and workflow: buying power, limits, restricted lists and exposure caps are checked at entry, margin is recalculated as prices move, and surveillance, AML and maker-checker run on the same data. Boursa Kuwait runs market-making surveillance and reporting on ZagTrader technology, and clients use it across 25+ markets and exchanges.

Pre-trade checks: Four stages, at order entry
Frameworks: MiFID II, EMIR, FATCA/CRS, CMA
Regulated markets: 25+

What risk and compliance heads ask first

Whether breaches are stopped or reported, and how the platform proves it.

Breaches blocked at entry

Buying power, position limits, restricted and watch lists and exposure caps are enforced before an order reaches the market.

See pre-trade checks

Live margin, calls and liquidation

Margin ratios recomputed as prices move, automatic margin calls, and liquidation by your own methodology.

See margin financing

Concentration limits and kill switch

Limits per security, group, sector, region and counterparty, and one control to halt order flow across the desk.

See risk controls

Trade and market-making surveillance

Liquidity-bucket metrics and order-anomaly detection surface irregular behaviour as it happens, as Boursa Kuwait uses it.

See market making

Regulatory reporting

MiFID and EMIR-style trade reporting, FATCA and CRS, and CMA-aligned reporting with bilingual client statements.

See reporting

AML and maker-checker

AML screening on clients and transactions, four-eyes approval on sensitive actions, and audit trails of who did what.

See client lifecycle

Full capability detail

The controls behind the six areas above, one row per capability.

Capability	What you get
Built for	Chief risk officers, compliance officers, risk managers, and internal audit and legal teams who want to replace manual, spreadsheet-based checks, late detection of limit breaches, compliance fragmented across jurisdictions and gaps in audit trails and surveillance.
Risks covered	Operational, market and credit risk, managed through a real-time risk engine and a rule-based compliance framework that detect breaches, control exposure and meet regulatory obligations across jurisdictions.
Live exposure	Real-time position and exposure monitoring across clients, instruments and counterparties, with early-warning thresholds on every limit and margin ratios recomputed as prices move.
Margin shortfalls	Automatic margin-call detection and a liquidation engine that unwinds a shortfall using your broker-defined methodology, before losses compound.
Kill switch	A single control that halts order flow across the desk when something looks wrong, while you investigate.
Surveillance	Liquidity-bucket metrics that monitor market makers' quoting activity, order-anomaly detection that surfaces irregular behaviour as it happens, and restricted and watch lists tied directly to order entry.
Insider and restricted lists	Restricted-security and insider and director controls enforced across the whole workflow.
Maker-checker and audit	Maker-checker on sensitive actions for separation of duties, AML screening on clients and transactions, and full, long-retention audit trails of who did what and when, with every alert tied back to the underlying activity.

Regulatory frameworks

Built-in support for the major frameworks our clients report against, internationally and in the region.

MiFID II / MiFIR

European markets regulation for transparency and investor protection.

EMIR / Dodd-Frank

Derivatives reporting and clearing requirements.

FATCA / CRS

Tax compliance and automatic exchange of information.

CMA

Reporting aligned to Capital Market Authority rules, with bilingual client statements.

Frequently asked questions

Are risk checks done before or after the order?

Before. Every order clears user, broker, instrument and market checks at entry, covering buying power, holdings, restrictions and exposure, so breaches are prevented rather than reported after the fact.

What happens when a margin account falls short?

Margin ratios are recalculated as prices move, a shortfall triggers an automatic margin call, and the liquidation engine unwinds positions using the methodology you define, before losses compound.

Which regulatory frameworks are supported?

MiFID II/MiFIR, EMIR, Dodd-Frank, FATCA/CRS and CMA reporting, with restricted-security and insider controls enforced across the workflow. Clients run front-to-back operations across 25+ markets and exchanges.

How does trade surveillance work?

Market-making metrics and order-anomaly detection flag irregular behaviour in real time, restricted and watch lists are tied to order entry, and every alert links back to the underlying activity. For venues, surveillance adds spoofing and layering detection with full order and trade replay.