Rival Systems Adds Connectivity to Nasdaq Futures
October 18 2016 - 7:00AM
Chicago-based Rival Systems (Rival), a leading provider of trading
and risk management software, today announced it now offers
connectivity to Nasdaq Futures, Inc. (NFX), giving clients expanded
access to energy markets and the ability to easily trade and manage
like products across multiple exchanges. Rival is the latest
software provider accepted into the NFX Preferred Vendor Program.
Launched in 2015, NFX offers key energy benchmarks in futures
and options on oil, gas and U.S. power.
“With more than 100 products now trading on NFX, clients of
Rival will have access to our growing liquidity and open interest,
which benefits all market participants,” said Rick Beaman, Vice
President and CEO of NFX at Nasdaq. “Adding Rival to our growing
list of trading technology providers further highlights demand for
our competitive mix of new products, competitive fees that are 50%
of incumbent rates and clearing services designed to meet the needs
of futures traders.”
“By adding connectivity to NFX, our clients are now able to
trade and manage risk on benchmark energy products across all of
the major exchanges,” said Robert D’Arco, Rival Systems CEO.
“Clients can access NFX throughout the entire Rival ecosystem and
leverage our innovative features to easily integrate NFX markets
into their trading strategies. NFX has brought great
technology, compelling products and a competitive cost structure
into the energy market, and we’re excited to make the offering
available to our clients.”
With like products trading across multiple exchanges, traders
need the ability to seamlessly integrate data, control strategies
and normalize risk from one system. With Rival, options
market makers can link volatility, underlying prices and quoting
formulas across products to provide liquidity on all of the energy
exchanges. Algorithmic traders can quickly incorporate NFX
into their automated trading strategies without having to make any
code changes. Risk managers can easily view real-time P&L
and normalized risk across all of their energy trading
accounts.
“In our first year we’ve added connectivity to all of the major
U.S. and European futures exchanges to meet our client demands,”
continued D’Arco. “Over the next six months, we’ll be adding access
to fixed income markets and extending our capabilities for U.S.
equities and equity options.”
About Rival: Launched in 2015,
Chicago-based Rival Systems (www.rivalsystems.com) empowers
professional traders with the technology and resources required to
compete in today’s markets. Rival provides a comprehensive
technology solution, including: Rival Trader, a
sophisticated, ultra-low latency derivatives trading system;
Rival API, an algorithmic strategy development
framework; Rival Risk, a fully hosted enterprise
risk management platform; and 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.
About Nasdaq:Nasdaq (Nasdaq:NDAQ) is a leading
provider of trading, clearing, exchange technology, listing,
information and public company services across six continents.
Through its diverse portfolio of solutions, Nasdaq enables
customers to plan, optimize and execute their business vision with
confidence, using proven technologies that provide transparency and
insight for navigating today's global capital markets. As the
creator of the world's first electronic stock market, its
technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to
more than 3,700 listed companies with a market value of $9.3
trillion and 18,000 corporate clients. To learn more, visit:
nasdaq.com/ambition or business.nasdaq.com.
RIVAL PRESS CONTACT:
Sara Goodman
Director of Marketing
Rival Systems
312-244-5903
marketing@rivalsystems.com
NASDAQ PRESS CONTACT:
Christine Barna
646 441 5310
Christine.Barna@nasdaq.com
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Apr 2023 to Apr 2024