Rival Systems, LLC
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| Rival Systems | |
| |
| Founded | 2015 |
|---|---|
| Headquarters | Chicago, IL, USA |
| Key People | Robert D'Arco, CEO |
| Products | Trading technology software and technology services |
| @RivalSystems | |
| Profile | |
| Page | |
| Website | https://www.rivalsystems.com/ |
| Releases | Company News |
Launched in 2015, Chicago-based Rival Systems provides technology to professional traders and risk managers, including market data feed handlers, multi-asset trading capabilities, enterprise risk management, and smart API, for strategy development; as well as support, training, and service. [1]
History[edit]
Rival Systems was originally built as the proprietary trading and risk management system for Ronin Capital. Rival has built and supported end-to-end trading systems across a wide range of products and strategies, starting with the initial rollout to index options traders on the CBOE in 2003.[2] In September of 2015 Rival spun off from Ronin to commercialize the Rival platform.[3]
Since 2015, Rival has added various functionality and connectivity to its product ecosystem.
- January 2016: Rival gave users of its multi-asset trading platform access to the full range of listed products on Eurex.[4]
- February 2016: Rival began providing ICE Futures U.S. and Europe products on its multi-asset trading platform.[5]
- October 2016: Rival began offering connectivity to Nasdaq Futures, Inc. (NFX)[6]
- March 2017: Rival partnered with Algo-Logic Systems to develop an integrated offering using Algo-Logic’s FPGA hardware and Rival’s trading and algorithmic strategy development software.[7]
- May 2017: Rival and Lime Brokerage (Lime), a Wedbush Company, announced an integration combining Rival’s front-end trading and algorithmic strategy development software with Lime’s low latency execution services.[8]
- May 2017: Rival also integrated its multi-asset trading platform into QuantHouse’s data feeds. The integration included Rival’s multi-asset trading and Smart API solution.[9]
- June 2017: Rival introduced a secure mobile app for Rival’s enterprise risk management solution. [10]
- September 2017: Rival rolled-out a new options algorithm design functionality in its multi-asset trading platform.[11]
- April 2018: Rival began offering the ability to perform Value-at-Risk (VaR) within its enterprise risk management solution.[12]
- July 2018: Rival rolled out CTA and UTP feed handlers within its multi-asset trading platform. The addition of these equity feeds joined Rival’s existing capabilities in the futures market with feed handlers for CME, ICA, CBOE, CFE, NFX and Eurex. [13]
- September 2018: Rival added the Options Price Reporting Authority (OPRA) feed handler to its multi-asset trading platform.[14]
- October 2018: Rival expanded its infrastructure to offer a fully-hosted solution for enterprise trading and risk management on European exchanges.[15]
- March 2019: Ronin Capital began leveraging the Rival platform for options and futures trading on the Hong Kong Futures Exchange and Osaka Securities Exchange.[16]
- August 2019: Rival Releases Real-Time Margin For Enterprise Risk Clients. [17]
- October 2019: Rival Releases Algorithmic Art Series [18]
- March 2020: Rival Systems Launches CAT Reporting Service [19]
Products and Services[edit]
- Rival Trader, a derivatives front-end trading system
- Rival Risk, an enterprise risk management tool to monitor the performance of a business with real-time and scenario risk views across the entire firm and individual trading groups
- Rival API, an automated trading strategy development framework
- Rival Trainer, online options training courses for beginner, intermediate and advanced levels
- Technology Services, one-on-one support, on-site training, custom strategy development, and hardware purchasing and hosting
Awards[edit]
- October 2016, Rival was shortlisted for the FOW International Awards 2016
- November 2016, Rival won the award for best Buy-Side Commodities Trading Platform
- December 2016, Rival won the FOW International Award for Best New Technology Product for Risk Management
- November 2017, Rival won the best Buy-Side Commodities Trading Platform Award for the second consecutive year.
Key People[edit]
- Robert D'Arco, Chief Executive Officer
References[edit]
- ↑ Rival Systems. Rival Systems.
- ↑ Who We Are. Rival Systems.
- ↑ Who We Are. Rival Systems.
- ↑ Eurex Products Now Available on Rival Trader. Rival Systems.
- ↑ ICE Futures Markets available on Rival Trader. Rival Systems.
- ↑ Rival Systems Connects to Nasdaq Futures. Rival Systems.
- ↑ Rival Systems Partners with Algo-Logic Systems. Rival Systems.
- ↑ Rival Systems Integrates with Lime Brokerage. Rival Systems.
- ↑ Rival Systems Integrates with QuantHouse. Rival Systems.}
- ↑ Rival Systems Releases Secure Mobile App for Enterprise Risk Management Solution. Rival Systems.
- ↑ Rival Systems Releases New Options Algorithm Design Functionality. Rival Systems.
- ↑ Rival Systems Releases Offering Value-at-Risk. Rival Systems.
- ↑ Rival Systems Expands into Equities Market with CTA and UTP Feed Handlers. Rival Systems.
- ↑ Rival Systems Releases OPRA Market Data Feed Handler. Rival Systems.
- ↑ Rival Systems Offers Fully-Hosted Solution for Enterprise Trading and Risk Management on European Exchanges. Rival Systems.
- ↑ Ronin Capital Expands Use of Rival Systems for Options Trading in Asia. Rival Systems.
- ↑ Rival Releases Real-Time Margin For Enterprise Risk Clients. Rival Systems.
- ↑ Rival Releases Algorithmic Art Series. Rival Systems.
- ↑ Rival Systems Launches CAT Reporting Service. Rival Systems.