Options market makers are now getting the ability to design and run their own custom or “bespoke” algorithms.

The old adage, “if you build it, they will come” comes to mind. But as CEO Robert D’Arco of Rival Systems sees it, if the market makers and other build it themselves then they’ll absolutely come and use it.

Rival Systems is a provider of trading and risk management software and just recently announced the roll-out of this new “do it yourself” options algorithm design functionality in its Rival Trader platform. The new functionality, D’Arco told Traders Magazine in a recent interview, allows traders to easily design, test and execute options algorithms for futures and equity options with global market data and execution capabilities.

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