February 6, 2023 · Press Releases
Rival Systems Fulfills SOC 2 Type I Compliance
Chicago, IL (February 07, 2023) – Rival Systems (Rival), a leading provider of trading and risk management software, has announced they have fulfilled SOC 2 Type I security compliance.
The American Institute of Certified Public Accountants (AICPA) developed the SOC 2 (System and Organization Controls) report to establish benchmark criteria of industry standards and best practices for platform and data security processes. Rival Systems’ SOC 2 Type I examination was conducted by IS Partners, LLC.
“The secure management of client data has always been a top priority for the entire Rival Systems team. Achieving SOC 2 Type I compliance confirms our efforts and provides a great framework for us to continue to meet the highest standards as our technology and services evolve.” – Rob D’Arco, Rival Systems CEO.
Auditors generate the SOC 2 report through a rigorous analysis of an organization’s infrastructure, people, software, and data handling and storage processes for a specific date or period of time. This examination requires strict organizational transparency to determine the functional fitness of handling customer data.
The pursuit of SOC 2 compliance demonstrates Rival’s relentless commitment to client safety and compliant internal processes and their mission to provide the most efficient, agile, and cost-effective solutions to help clients succeed in capital markets. Rival expects to achieve SOC 2 Type II compliance in Q3 2023.
A copy of Rival Systems SOC 2 report is available to clients and prospective clients on demand.
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.