January 23, 2023 · Press Releases
Rival Systems Adds Support for TBA Mortgage-Backed Security Bonds to Their Enterprise Market Risk Solution, Rival Risk
Chicago, IL (January 24, 2023) – Rival Systems (Rival), a leading provider of trading and risk management software, expands on their existing fixed-income capabilities to add support for TBA Mortgage-Backed Security Bonds.
“Our product suite is constantly evolving as we strive to provide comprehensive solutions for our clients that address gaps in the market. For example, one of our major FCM clients requested support for TBA bonds in Rival Risk so they could allow their clients to expand into the MBS market. Within two weeks, we integrated with the FCM’s back-office system to pull in the start of day positions and trades, procured the real-time TBA bond market data, and integrated everything into our system. It’s a great example of how our fully hosted solution and system architecture allow us to rapidly meet client’s requirements,” said Rob D’Arco, CEO of Rival Systems.
Rival Risk allows users to analyze market risk from every angle:
- Run custom scenarios to analyze position risk in various market scenarios,
- View real-time trade activity, current positions, P&L, and fixed-income risk metrics, including duration and convexity,
- Calculate VaR (Value at Risk) across all accounts using Monte Carlo simulations to automatically shock the yield curve to calculate the risk of bond portfolios.
In addition, users who hedge TBA MBS bonds with the CME’s TBA futures can easily view their portfolio’s combined P&L and risk.
Rival Risk’s real-time risk capabilities in the fixed income market include support for US Treasury Bonds and TBA Mortgage-Backed Securities. Rival will continue to expand their fixed-income coverage over the coming months.
Rival Risk was named Best Market Risk Solutions Provider by the prestigious Waters Rankings 2022 reader’s choice awards. Rival earned this year’s distinction in the Compliance, Risk Management, and Back Office category.
About Rival Systems
Rival Systems launched in 2015 as an ecosystem of enterprise trading and risk management solutions. 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.