March 23, 2016 · News
Rival Preps Pricing Calculator for Market Making, Hedging
The calculator will deliver more accurate price predictions, enabling users to quote and hedge more effectively.
Chicago-based trading technology vendor Rival Systems, a spin-off from proprietary trading firm Ronin Capital, is preparing to roll out a price calculation tool as part of its Rival Trader front-end, to help market makers and options traders quote and hedge more accurately.
Rival plans to release the new capability during the second quarter of this year, though the vendor has not yet set a firm release date, says chief executive Robert D’Arco. “A lot of our users are options traders and market makers, and one of the most important aspects of being able to quote is having accurate calculations for the underlying price,” D’Arco says. “Our research shows that not only…