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: https://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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Asic probe piles pressure on ASX to deliver Chess replacement
But market insiders think late intervention by regulators could even slow down implementation.
Stakes raised for UK bond, EU derivatives tapes after Ediphy clinches win
The pressure is on for TransFICC, Etrading, Finbourne, and Propellant Digital, who are still vying to provide the UK’s fixed income consolidated tape after Esma awarded the EU’s tape to Ediphy and its partners.
Exchange M&A, US moratorium on AI regs dashed, Citi’s “fat-finger”-killer, and more
The Waters Cooler: Euronext-Athex, SIX-Aquis, Blue Ocean-Eventus, EDM Association, and more in this week’s news roundup.
LSEG officially sunsets Eikon
The exchange operator withdrew the platform from its product lineup this week.
Cloud Wars: Are EU and APAC firms really pining for homegrown options?
Waters Wrap: In the wake of tariffs and regional instability, there’s chatter about non-US firms lessening their dependency on the major hyperscalers. Anthony is not buying it.
Bloomberg, MTS expand portfolio trading to EGBs
The platform providers will follow Tradeweb with the extension of the popular credit protocol.
Doing a deal? Prioritize info security early
Engaging information security teams early in licensing deals can deliver better results and catch potential issues. Neglecting them can cause delays and disruption, writes Devexperts’ Heetesh Rawal in this op-ed.
Google gifts Linux, capital raised for Canton, one less CTP bid, and more
The Waters Cooler: Banks team up for open-source AI controls, S&P injects GenAI into Capital IQ, and Goldman Sachs employees get their own AI assistant in this week’s news roundup.