Rival Systems, LLC.
Launched in 2015, Chicago-based Rival Systems provides technology to professional traders, including: Rival Trader, a derivatives trading system; Rival API, an algorithmic strategy development framework; Rival Risk, an enterprise risk management tool; as well as support, training and service. [1]
History.
Rival has built and supported end-to-end trading systems across a wide range of products and strategies, starting with the initial rollout to index options traders on the CBOE in 2003. [2]
In January of 2016, Rival Systems gave users of its Rival Trader platform access to the full range of listed products on Eurex. The move was the first step in the company's expansion into Europe. [3] Rival normalized Eurex market data into its proprietary format within the Rival API so users could extend their existing automated trading strategies onto Eurex without having to write to a new market. [4]

Rival Systems Wins Best Buy-Side Commodities Trading Platform Award for Second Consecutive Year.
CHICAGO and LONDON , Nov. 6, 2017 /PRNewswire/ -- For the second consecutive year, Rival Systems (Rival), a leading provider of trading and risk management software, has won Buy-Side Technology 's award for "Best Buy-Side Commodities Trading Platform." The Waters Technology publication announced the honor for the firm's Rival Trader and Rival API offerings at its 2017 awards ceremony on Friday in London .
Victor Anderson , editor-in-chief of Waters Magazine and Waters Technology, said: "Rival stood out among a broad range of entrants in this category for its innovative functionality for buy-side commodities traders and options market makers. The firm's Rival Trader front-end and Rival API algo strategy development framework include new features that helped traders manage the often volatile and sometimes illiquid commodity markets over the course of the last year."
Rival Systems CEO Robert D'Arco said: "It's very gratifying to win this prestigious award for the second time after only two years in the market. The award is a testament to our development team's work ethic, technical skills and knowledge of the markets. We constantly strive to introduce new features that solve challenges and provide opportunities for commodities traders. This year, we broadened our commodity appeal with valuable functionality for energy traders while building on our other great features and client-inspired upgrades."
Among the new features Rival introduced for energy traders were:
Enabling clients to link and easily manage volatility between products, facilitating trading of same or like instruments on multiple exchanges and helping traders run automated strategies for the energy complex across venues. Introducing Rival Chat, with Instant Messaging Parsing Logic to help crude oil and natural gas traders on the buy side more easily trade with the sell side, such as the ability to immediately show the trader the theoretical value and risk of a spread. Performance enhancements to give options market makers a competitive edge while quoting high-delta options during fast markets.
With growing commodity options spread market volume this year, Rival clients have been able to leverage the firm's functionality to automatically respond to requests for quote (RFQs) and launch Electronic Eye orders to capture edge as new spreads are created in the market, even across different products. As commodity markets are often highly volatile or illiquid, commodity options market makers have combined the firm's low latency Auto-Quoter, Electronic Eye and proprietary synthetic underlying price calculator to predict accurately when the market will move, enabling them to revise their quotes and trade with resting orders before underlying top-of-book updates.
The Buy-Side Technology awards recognize the leading technologies and vendors in their area of expertise, through an auditable, transparent methodology underpinned by the input and experience of nine judges - five buy-side-focused technology consultants and four Buy-Side Technology journalists.

Rival trading systems

Algo-Logic Systems has partnered with Rival Systems, an award winning provider of trading and risk management software, to offer 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.
Algo-Logic and Rival have begun sharing details with clients, and they expect the integrated offering will be ready for deployment in the second quarter. The integration will begin with Algo-Logic's ultra-low latency Tick-to-Trade (T2T) System for the CME. The companies expect to provide similar capabilities for other exchanges going forward.
Product brief.
Rival Systems CEO Robert D'Arco said: "At Rival, we're always looking for new ways to help our users compete in the market. We reached out to the Algo-Logic team and are thrilled we were able to develop a turnkey offering that further enhances our platform. The seamless integration will allow users running the Rival Electronic Eye, Auto-Quoter and Rival API to leverage the accelerated solution automatically."
Algo-Logic CEO John Lockwood said: "Trading firms are always facing that 'build vs. buy' decision, and all but the very largest firms have to wonder whether the huge investment in infrastructure and time will pay off when they choose to build their own trading system from scratch. With this integration with Rival, they get the best of both worlds - a pre-built, easy-to-enable solution with the features they want, without an upgrade to their infrastructure."
Read more in the press release.
Upcoming Events.
We're exhibiting at Hot Chips at the Flint Center for the Performing Arts in Cupertino, CA from August 20-22 showing a demonstration of our FPGA Key-Value Store!
Algo-Logic Systems Inc. is looking for talented individuals near San Jose, CA.
Client Endorsements.
"Algo-Logic has a unique capability to put together complete application level solutions leveraging FPGA acceleration with ultra-low-latency links to the processor."
-- Brad McCredie, President of the OpenPOWER Foundation and IBM Fellow and VP.

Rival Systems Wins Best Buy-Side Commodities Trading Platform Award for Second Consecutive Year $codeDebug. log("output array of get country targets countryT $codeDebug. log("output array of get country targets countryT.
Buy-Side Technology Bestows Honor for Rival Trader / Rival API.
News provided by.
Nov 06, 2017, 07:00 ET.
Share this article.
CHICAGO and LONDON , Nov. 6, 2017 /PRNewswire/ -- For the second consecutive year, Rival Systems (Rival), a leading provider of trading and risk management software, has won Buy-Side Technology 's award for "Best Buy-Side Commodities Trading Platform." The Waters Technology publication announced the honor for the firm's Rival Trader and Rival API offerings at its 2017 awards ceremony on Friday in London .
Victor Anderson , editor-in-chief of Waters Magazine and Waters Technology, said: "Rival stood out among a broad range of entrants in this category for its innovative functionality for buy-side commodities traders and options market makers. The firm's Rival Trader front-end and Rival API algo strategy development framework include new features that helped traders manage the often volatile and sometimes illiquid commodity markets over the course of the last year."
Rival Systems CEO Robert D'Arco said: "It's very gratifying to win this prestigious award for the second time after only two years in the market. The award is a testament to our development team's work ethic, technical skills and knowledge of the markets. We constantly strive to introduce new features that solve challenges and provide opportunities for commodities traders. This year, we broadened our commodity appeal with valuable functionality for energy traders while building on our other great features and client-inspired upgrades."
Among the new features Rival introduced for energy traders were:
Enabling clients to link and easily manage volatility between products, facilitating trading of same or like instruments on multiple exchanges and helping traders run automated strategies for the energy complex across venues. Introducing Rival Chat, with Instant Messaging Parsing Logic to help crude oil and natural gas traders on the buy side more easily trade with the sell side, such as the ability to immediately show the trader the theoretical value and risk of a spread. Performance enhancements to give options market makers a competitive edge while quoting high-delta options during fast markets.
With growing commodity options spread market volume this year, Rival clients have been able to leverage the firm's functionality to automatically respond to requests for quote (RFQs) and launch Electronic Eye orders to capture edge as new spreads are created in the market, even across different products. As commodity markets are often highly volatile or illiquid, commodity options market makers have combined the firm's low latency Auto-Quoter, Electronic Eye and proprietary synthetic underlying price calculator to predict accurately when the market will move, enabling them to revise their quotes and trade with resting orders before underlying top-of-book updates.
The Buy-Side Technology awards recognize the leading technologies and vendors in their area of expertise, through an auditable, transparent methodology underpinned by the input and experience of nine judges - five buy-side-focused technology consultants and four Buy-Side Technology journalists.
Rival Systems (rivalsystems) empowers professional traders with the technology and resources required to compete in today's markets. Rival provides a comprehensive technology solution with award-winning platforms, including: Rival Trader , a sophisticated, ultra-low latency derivatives trading system; Rival API , an algorithmic strategy development framework; and Rival Risk , a fully hosted enterprise risk management platform; as well as extensive training and support. Rival Systems has distinguished itself in the industry through its premier service, exceptional speed and advanced features designed to help users gain an edge in the market.
SOURCE Rival Systems.
Related Links.
Dec 13, 2017, 07:00 ET.
Preview: Rival Systems Rolls Out New Options Algorithm Design Functionality.
Oct 18, 2017, 07:00 ET.
Preview: Gator Trading Leverages Rival Systems for Options Trading Strategies.
Also from this source.
Dec 13, 2017, 07:00 ET Rival Systems Rolls Out New Options Algorithm Design Functionality.
Oct 18, 2017, 07:00 ET Gator Trading Leverages Rival Systems for Options Trading.
More news releases in similar topics.
Rival Systems Wins Best Buy-Side Commodities Trading Platform Award for Second Consecutive Year.
News provided by.
Nov 06, 2017, 07:00 ET.
Share this article.
Looking to send a news release with PR Newswire?
Take advantage of the world's leading distribution platform.