Rival Unveils Derivatives Trading Platform
Rival Systems has launched its new low-latency derivatives trading and risk management platform, Rival Trader.
The new platform and Rival API have, according to Rival, been used by a group of clients for the past five months and are now available to the options and futures trading communities. Later this year, the firm plans to introduce Rival Risk, an enterprise risk management tool designed for brokerage and clearing firms, hedge funds, proprietary trading firms, and operators of multiple trading groups.
Rival Trader features include:
• A range of options pricing capabilities and volatility models, with real-time updates and an auto-fitter to fit traders' curves to real-time implied volatility
• Ultra-low latency Auto-Quoter engine and Electronic Eye designed to produce accurate quotes during fast markets and automatically trade with resting orders
• Advanced execution logic and underlying price calculations based on market micro-structure
• Real-time and scenario risk management functionality to monitor risk and P&L across multiple strategies, accounts and individual traders within a group, including expiration simulation reports and pre-trade limits
• Transparent performance reports to provide users with objective analysis of the system's latency based on their activities
Rival API features include:
• C++ library providing in-process market data feed handlers and execution gateways with a normalized data format to build and deploy automated strategies across multiple exchanges
• Ability to manage instruments, orders, trades, conflate data, and modify parameters during run time
• Automatic integration with Rival Trader with the ability to view orders, trades, positions, risk, and real-time P&L for automated strategies
• Ability to capture the tick-to-trade latency of all orders.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Systematic tools gain favor in fixed income
Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.
Waters Wrap: Examining the changing EMS landscape
After LSEG’s decision to sunset Redi, Anthony examines what might lie ahead for the EMS space.
This Week: Clear Street, AXA/AWS, TD Bank/Google Cloud and more
A summary of the latest financial technology news.
LSEG to sunset Redi EMS in favor of Tora
Sources say competitors will look to seize on the decision to win over Redi’s sizeable US client base.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Waters Wavelength Podcast: Broadridge’s Joseph Lo on GPTs