Gator Trading Picks Rival Risk as EMS Provider

Rival Risk—an HTML 5-based enterprise risk management platform—provides real-time views into risk for firms. The platform allows users to connect to a secure platform from anywhere to monitor profit-and-loss (P&L) and risk across accounts and product categories.

Gator COO Jason Widuch said the decision to migrate to Rival's platform was to value the firm's spreads correctly.

"We are mainly a spread trading firm, and our old platform didn't value our spreads accurately. That was the driving force for moving to Rival Risk," Widuch said in a statement. "It provides a much more accurate representation of where the spreads are priced and settled, which is critical for us."

He added the company used to wait until statements came out at 1 a.m. to know Gator's true P&L "but now we get an email at 3:45 p.m. with our preliminary settlement P&L by account and another email at 7:30 p.m. based on the final settlements," Widuch said.

As risk managers still need to calculate real-time P&L and risk for securities even in an illiquid market, Rival uses a proprietary algorithm to automatically calculate reliable synthetic price when there is little trading activity.