CHICAGO, Nov. 7, 2016 /PRNewswire/ -- 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.
Rival has included a broad range of features in its platforms for ultra-low latency, sophisticated trading of futures and options. Commodity markets often pose particular challenges to traders and options market makers due to high volatility or illiquid markets. The judges who selected Rival for the award took into account a number of features and analytics that distinguish the firm from its competition in addressing these challenges. Among these were its low latency market-making engine with advanced quoting logic and synthetic underlying price calculator, its innovative contingent order feature, an ultra-fast Electronic Eye, and the ability for users to easily manage volatility, risk and automated trading across a wide range of instruments.