Rival Systems adds real-time margin capabilities on ICE Exchanges to Rival Risk, its enterprise risk management platform.
CHICAGO, June 7, 2023 /PRNewswire-PRWeb/ -- Rival Systems (Rival), a leading provider of trading and risk management software, has announced support for calculating real-time margin on the ICE exchanges in its enterprise risk management solution, Rival Risk.
Driven to provide a comprehensive solution for margin across all exchanges and asset classes, this new functionality adds to Rival's existing integration with CME SPAN for calculating real-time margin and with OCC for calculating real-time customer portfolio margin and risk-based haircuts. Rival currently supports calculating margin across 45 exchanges for future, equity and option positions.
"The goal of Rival's growth-driven model is to create the next generation of trading and risk management solutions with functionality clients didn't realize was possible. We are continuously innovating and looking to the future to create a product ecosystem that empowers traders and risk managers with the tools to consolidate, streamline, and scale. The addition of real-time ICE margin functionality is just one more example of our relentless pursuit of product development. Using Rival's fully hosted solution, clients can immediately leverage the real-time margin functionality at no additional cost or setup required." -Rob D'Arco, CEO of Rival Systems.
Rival Risk calculates the open margin based on the start-of-day positions and current margin as positions and exchange margin values change throughout the day. Rival also calculates real-time net liquidity values based on start of day equity balances and current P&L. As a result, users can proactively monitor their margin-to-equity ratios across all accounts. In addition, users can set alerts to trigger based on user-defined margin and net liquidity levels.
Rival also provides users with the ability to calculate VaR on demand using current positions, market implied volatilities and a proprietary covariance matrix with data across futures, equities, options and bonds. With Rival's VaR engine, users can systematically measure risk across their multi-asset portfolios.
In recognition of Rival's relentless drive to develop leading-edge enterprise risk tools, Rival was named Best Market Risk Solutions Provider 2022 by Waters Rankings.
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.
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SOURCE Rival Systems
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