Rival Systems has been voted as a winner in the Waters Technology Rankings 2026!

Best Market Risk Solution Provider – Rival Systems 

Rival Systems

ENTERPRISE RISK MANAGEMENT

Rival Risk

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A multi-asset, enterprise risk management solution built for professional risk managers and traders, with real-time risk across futures, equities, options, fixed income, spot FX, FX forwards, and crypto on a fully hosted, cloud-based platform.

Voted Best Risk Solutions Provider by Waters Ranking 2022, 2023, and 2024.


Manage Risk Across All Asset Classes from a Single Cloud-Based Platform.

Rival Risk empowers professional traders and risk managers to analyze market risk across the firm from every angle, no matter how many front-ends or clearing firms they use. View real-time risk and P&L across accounts, product categories, and expirations, and drill down into individual instruments to monitor firm-wide performance, margin, and net liquidation values in one consolidated view.

Accuracy in Any Market

Our proprietary options pricing algorithms automatically calculate accurate volatility, theoretical prices, and Greeks even when options markets are wide or have no market, so you always know where you stand.

For illiquid futures, Rival Risk calculates real-time synthetic prices using liquid spread markets or by defining a fixed relationship to more liquid products, giving risk managers reliable values across the full product set.

On Demand VaR, cVaR, and User-Defined Scenarios

Run VaR and cVaR throughout the day in seconds based on current positions and market volatilities. Rival Risk calculates VaR using Monte Carlo simulations with a proprietary covariance matrix based on two years of historical data.

Build custom market scenarios based on fixed price, percent change, and standard deviation moves in the underlying, including volatility shocks. Configure scenarios by product category, symbol, market cap, sector, or time to expiration. Upload potential trades to instantly see the impact on VaR and risk slides before committing.

Real-Time Alerts

Configure Rival Risk to send email alerts when preset conditions are triggered for any calculated value, with alerts configurable by account, product type, product category, symbol, and time to expiration.

Real-Time Margin Across Asset Classes

Calculate margin in real-time for start-of-day positions and intraday trades. Full margin-model coverage across CPM, RBH, TIMS, SPAN2, & ICE. Run what-if analyses by entering hypothetical positions to see how they would impact margin before they are placed.

Global Market Coverage

Rival Risk integrates with major clearing firms and brokers to pull in start-of-day position files, account balances, and real-time trade feeds, so onboarding is fast. Consolidate positions across all your clearing firms into a single, unified view.

With futures, equities, options and cash treasury bond market data on all of the major North American, European and Asian exchanges driving our fully-hosted solution, you don’t need to worry about purchasing your own market data.

See why Rival Risk was Voted Best Risk Solutions Provider by Waters Ranking for Three Consecutive Years – 2022, 2023, and 2024

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What We Offer How You Can Use It
Multi-asset platform with support for futures, options, equities, fixed income, spot FX, FX forwards, and crypto Standardize on one platform for all of your risk management needs.
Centralized trade and position server with drop copies from clearing firms, exchanges, and brokers View real-time and scenario risk across your entire firm regardless of what front end your traders are using.
Proprietary algorithms to calculate theoretical prices and greeks for options and synthetic prices for back month futures and swaps Automatically calculate accurate values in real-time even if the market is wide or there is no market.
On-demand VaR, cVaR, user-defined scenarios, and real-time margin Custom scenarios with price moves and volatility shocks. Setup by product, symbol, sector, market cap, or expiration. Monte Carlo VaR, cVaR (Expected Shortfall), and tail-loss analysis powered by our proprietary constant maturity covariance framework.
HTML5 application accessible from any computer or mobile app Monitor the performance of your firm. Any time, anywhere.
Real-time alerts Receive email alerts if your preset conditions are triggered for any calculated value across all accounts or product categories.
Automated reporting Schedule slide, VaR, and PNL reports to be emailed to key personnel throughout the day or uploaded to an FTP site.
Permission-based logins for internal users or clients Allow individual account holders access to the system to leverage all of the functionality for their accounts.
Consolidated multi-clearing firm view Pull in start-of-day positions and real-time trade feeds across all of your clearing firms and consolidate them into a single firm-wide view.
Synthetic pricing for illiquid markets Automatically calculate real-time synthetic prices for illiquid futures using spread markets or by defining a fixed relationship to more liquid products.

 

Video Library

See why Rival Risk was Voted Best Risk Solutions Provider by Waters Ranking for three years running.

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"It’s fair to say that we’ve been in this business a long time and we’ve used a lot of different platforms. The fact that we’re still using Rival after all these years is a pretty firm indication that we think it’s the best risk management platform on the market.”

Mark Cukier, Managing Partner

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