FPGA (Field Programmable Gate Array) technology has impacted and enabled the current era of low latency trading solutions. To gain a deeper understanding of FPGA technology, as well as what it means for the future of low latency trading we held a Q&A session with Rival Systems CEO, Rob D’Arco, and Algo-Logic Systems CEO, John Lockwood.
Questions by Sara Goodman, Director of Marketing, Rival Systems
Further Expanding its Equities Offering and Global Reach
CHICAGO, May 9, 2017 – Rival Systems (Rival), an award-winning provider of trading and risk management software, today announced that it has integrated into its trading platform QuantHouse’s end-to-end ultra-low latency market data feed. The integration of QuantFEED into the Rival Trader and Rival API platforms further strengthens Rival’s multi-asset class offering with one of the fastest, most comprehensive global market data offerings available.
CHICAGO, May 3, 2017 – Rival Systems (Rival), an award-winning provider of trading and risk management software, and Lime Brokerage (Lime), a Wedbush Company, today announced an integrated solution combining Rival’s front-end trading and algorithmic strategy development software with Lime’s low latency execution services. The new offering, available immediately, enables Rival’s clients to access all U.S. equity markets and a wide range of dark pools via Lime’s exchange gateways and extensive equity memberships. The integrated solution further enhances Rival’s capability to provide clients with a comprehensive platform for trading futures, equities and options.
A Risk Manager’s Account and Lessons Learned From the Brexit Vote
On Thursday June 23, 2016, I woke up two hours ahead of my usual 5am alarm with a knot in my stomach. Normally I would have gone for a morning workout but not today, I took 15 minutes to meditate and attempt to alleviate the queasy feeling my gut before getting ready, grabbing a cup of coffee and driving to the office. I hardly sipped my coffee on the way in, my heart rate was already elevated and my mind was racing. Every possible scenario of what could happen today ran through my mind over and over.
Rival produces a newsletter once per quarter. The Rival quarterly newsletter includes:
From hedge funds to CTAs and proprietary trading firms one of the great questions in derivatives trading is whether to build out custom software or buy a readily available solution from an ISV (independent software vendor). Finding the right answer requires careful consideration of multiple points which we will explore below and range from cost consideration to time and unique functionality needs. Ultimately, making the right decision requires a thorough understanding of your plans for growth and the potential ramifications of building or buying.
CHICAGO, March 23, 2017 – Rival Systems (Rival), an award-winning provider of trading and risk management software, today announced that Lupo Holdings has selected the Rival Risk platform to manage its futures, equities and options trading business. Lupo, which manages multiple trading groups, is using Rival Risk extensively for real-time enterprise risk management, advanced market scenario analysis and optimization of its cross-margining capabilities.
Rival Software and Algo-Logic FPGA Hardware Bring Sub-microsecond Latency within Reach to All Trading Firms
CHICAGO / SANTA CLARA, Calif., March 13, 2017 – Rival Systems (Rival), an award-winning provider of trading and risk management software, and Algo-Logic Systems, a leading FPGA ultra-low latency trading solutions provider, announced today that they have teamed up to develop an integrated offering using Algo-Logic’s FPGA hardware and Rival’s trading and algorithmic strategy development software. The complete tick-to-trade “out-of-the-box” solution for futures and options enables traders and firms of all sizes to capture the sub-microsecond latency and deterministic performance that typically only the largest trading firms with expensive internal infrastructures have enjoyed.
With Rival Risk’s new historical PNL chart you can easily view the performance of the entire firm and individual accounts over time. View cumulative and daily PNL across preset or custom date ranges. Quickly flip through each account to identify trends and outliers. Rival Risk’s combination of real-time and historical PNL gives you a comprehensive view into your firm’s performance. Get rid of your spread sheets and start using Rival Risk.
Rival produces a newsletter once per quarter. The Rival quarterly newsletter includes:
Rival Systems has moved quickly in its first year of operation, accumulating prop trading clients for its trading and enterprise risk management systems, and extending its reach to more exchanges in the US and Europe.
The firm that emerged out of US prop firm Ronin Capital said its Rival Risk product, which came to market slightly after its execution system, has been designed to work equally well alongside or independently of Rival Trader.
This is Rival Systems' first Buy-Side Technology Award.
Just because you haven't been around for a while doesn't mean you're not the best at what you do. Rival Systems might have only officially launched in June 2015, but what Rival Trader, the vendor's derivatives front-end trading system, and Rival API, its algorithmic strategy development framework, lack in history they make up for in performance.
LONDON / CHICAGO, December 8, 2016 – Rival Systems (Rival), a leading provider of trading and risk management software, has just won the 2016 award for Best New Technology Product – Risk Management at the annual FOW International Awards. FOW Magazine officials presented the award last night to Rival CEO Robert D’Arco for the firm’s Rival Risk platform at a dinner and ceremony following the FOW Derivatives World London conference.
Rival Trader and Rival API Capture Honor from Buy Side Technology Following First Year on Market
CHICAGO, November 7, 2016 –Rival Systems (Rival), a leading provider of trading and risk management software, has won Buy-Side Technology’s 2016 award for “Best Buy-Side Commodities Trading Platform.” Officials from the Waters Technology publication announced the award for the firm’s Rival Trader and Rival API offerings on Friday in London.
