Control Over Where And How much Access Allowed



Stock, Commodity, FOREX - all the markets are offering electronic trading. Its very important to secure the trading and market data access to authorized persons. The GEOACL service stops fraud by verifying request location of the online request, action (trading, data access or changes). It limits fraud by allowing only those actions that are permitted for a given location. By reducing the chances of fraud transactions from unknown locations, trading & brokerage houses can more focus on performance, bottom lines and investor satisfaction.

Adopt GEOACL and have your customers control their account's security in a way that suits their work pattern.

Allow customers, traders to secure access to the Market Data as well as their trading accounts such as:

  • Stocks, Bonds, Options Trading
  • Commodities Trading
  • Forex Trading

Sample GEOACL Configuration & Working for Securing Market Data And Trading Accounts

John Smith wants to do account maintenance tasks such as link bank accounts, deposit/withdraw money to/from his trading account from/to bank account or withdraw funds using wire transfer from home area (Main street, Old Bridge, N.J.) only, and do actual trades from home as well as office area (located at times square, New York city) using computing devices like PC or laptop or any other or using wireless devices and mobile payment platforms or any other means.

He wants this access from within say 2 mile radius from office location's centre and 5 miles radius from home location's centre as well as the route that he is using to commute to office. He doesn't want to allow his trading account to be accessed from any other location. Based on this requirement, when ever John accesses his trading account our system will check his credentials and current geographical location against locations configured in system by John himself. When match found account features are enabled or disabled as per location.

Now even if John Smith's trading account details get stolen anyhow, hacker must have to use it from locations configured by John Smith to be able to use it. So hacker would not be able to access account from any random location and if tried from within 2 miles radius of John's time square location then he would get limited access.

If John Smith receives alert indicating rejection or suspicious activity or become aware that his trading account details are stolen he can immediately change it and or reduce radius and or cut down on locations allowed.