April 24, 2019 · Press Releases
Meta Trading Selects Rival Systems for Enterprise Risk Management Solution
CHICAGO (April 24, 2019) – Rival Systems (Rival) today announced that Meta Trading is leveraging its enterprise risk management solution, Rival Risk. Meta Trading, a prop trading firm that trades a diverse set of assets with multiple trading groups, was looking for one platform that would allow them to monitor the activity of their traders who use a variety of different trading systems. Rival’s enterprise risk management solution offers Meta Trading this visibility along with advanced features including automated reporting and real-time email alerts.
“Rival Risk provides us with an easy way to monitor the risk for all our traders,” said Andrew Curto, Director of Strategy for Meta Trading, “With Rival all of our positions are in one central location. We no longer have to go back and forth between different systems. We appreciate that Rival allows us to keep the traders honest with whatever systems they might be using. It is a good check and balance for us as management.”
Rival’s enterprise risk management solution also gives firms the ability to monitor their risk while away from their computer through a smartphone app. It’s a feature that Curto and his team are constantly using.
“We find a lot of value in having the Rival mobile app. When you’re out of the office you can quickly get a gauge of key metrics like PNL or high-level Greeks. The other key difference is Rival’s support. They’re always picking up the phone and listening to our ideas,” said Curto, “They’re also on top of any issues that we have – they’re just very responsive”
“It’s been a pleasure working with Andrew and the team at Meta. We’re happy to see our risk platform has successfully provided a consolidated view of all of their data and the real-time analytics needed to effectively manage their business,” said Robert D’Arco, Rival Systems CEO.
To learn more about Rival’s comprehensive solution for market data, multi-asset trading, algorithmic strategy development and enterprise risk management please visit RivalSystems.com.
About Rival Systems
Rival Systems offers award-winning market data feed handlers, multi-asset trading capabilities, enterprise risk management, smart API for strategy development and top-of-the-line technology services. Rival’s proven speed and innovative, constantly evolving features empower firms to compete in today’s markets and get smarter with every trade. To learn more about Rival’s comprehensive solutions for market data, multi-asset trading, algorithmic strategy development and enterprise risk management please visit RivalSystems.com.