Risk-first.Institutional-grade controls.
Drovix operates under a risk-first institutional framework. Counterparty exposure, market exposure, liquidity risk and operational risk are monitored through defined limits, escalation procedures and governance oversight.
Control framework
Twelve domains, one framework
Drovix applies layered controls across governance, market, credit, liquidity, operational and technology risk — monitored continuously and escalated through defined ownership.
Governance & oversight
Board-level governance, defined risk appetite, three-lines-of-defence model, MLRO and Risk Officer oversight, escalation matrix, and documented decision rights for counterparty and product onboarding.
Pre-trade risk controls
Automated pre-trade checks: counterparty limits, instrument permissions, order-size limits, fat-finger protection, price-collar validation, margin checks and quote-validity controls.
Post-trade monitoring
Real-time exposure monitoring, trade surveillance, post-trade reconciliation, daily P&L attribution, exception reporting and supervisory review.
Counterparty credit risk
KYB, financial standing and regulatory-licence review; assigned credit limits; collateral and margin frameworks; close-out and netting provisions; periodic counterparty review.
Market risk limits
Position, notional, sensitivity (DV01, delta, vega), VaR and stress-scenario limits by asset class and counterparty. Daily monitoring and breach escalation.
Liquidity risk management
Liquidity buffers, intraday liquidity monitoring, contingency funding plan, liquidity-stress testing and hedging-relationship monitoring.
Concentration risk
Single-counterparty, single-instrument, single-venue and single-region concentration limits with explicit overrides requiring senior approval.
Kill switch & emergency controls
Counterparty-level and global kill-switches, quote suspension, order-rate limiters, automated trading-halt logic and incident-runbooks tested on a defined cadence.
Model risk management
Documented model inventory, independent validation, performance and drift monitoring, change-management, override logging and annual review of pricing and risk-transfer models.
Operational resilience & BCP
Multi-zone redundancy, disaster-recovery sites, RTO/RPO targets, third-party and cloud-provider concentration assessment, periodic resilience testing and lessons-learned reviews.
Algorithmic trading controls
Automated pricing and risk systems are subject to internal controls, monitoring, escalation procedures and governance review consistent with applicable regulatory expectations.
Cyber & information security
Defence-in-depth, least-privilege access, identity and access management, SIEM monitoring, penetration testing and an incident-response process aligned to recognised standards.
These describe the Drovix internal control framework. They are not guarantees against loss and do not constitute a regulatory representation.
How risk is owned
Three lines of defence.
Risk ownership at Drovix is explicit. The desk owns the risk it takes, an independent risk function sets and monitors limits, and internal audit tests that the framework works as designed. Decision rights and escalation paths are documented, not improvised.
- First line — trading and operations own day-to-day risk within set limits.
- Second line — independent risk and compliance set limits and monitor breaches.
- Third line — internal audit independently tests control effectiveness.
- Board-level oversight of risk appetite and material exceptions.
Breach & escalation path
- 1Detect
Automated monitoring flags a limit breach or control exception in real time.
- 2Contain
Pre-set controls — quote suspension, rate limiters or kill-switch — act automatically where defined.
- 3Escalate
The exception is routed to the risk function and, by severity, to senior management.
- 4Remediate
Root cause is addressed, the position is brought back within limits and the event is logged.
- 5Review
Material incidents feed a lessons-learned review and, where needed, control changes.
Risk-first, by design.
Counterparties onboard into a documented control framework. Begin the review process via the portal, or read the full regulatory detail first.
Disclosure. The descriptions on this page summarise Drovix' institutional risk framework as applied to professional clients and eligible counterparties. They are not investment advice and do not create a regulatory representation on behalf of any affiliated entity. Specific obligations and controls are set out in counterparty agreements and internal policies.