Rival Systems, LLC

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Rival Systems
Rival Logo.png
Founded 2015
Headquarters Chicago, IL, USA
Key People Robert D'Arco, CEO
Products Trading technology software and technology services
Twitter @RivalSystems
LinkedIn Profile
Facebook 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 Released Real-Time Margin For Enterprise Risk Clients. [17]
  • October 2019: Rival Released its Algorithmic Art Series [18]
  • March 2020: Rival Systems Launched a 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]

References[edit]