The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Rival Systems Extends Reach Into Equities

Trading and risk management software provider Rival Systems’ partnership with the Lime Brokerage unit of Wedbush extends Rival Systems’ reach beyond its core constituency in futures and options, into equities trading in US markets and dark pools, according to Robert D’Arco, CEO, Rival Systems.

Lime Brokerage and Rival Systems have launched an integrated service combining Rival’s front-end trading and algorithmic strategy development software, with Lime’s low latency execution services.

“For non-broker-dealer clients who can’t go direct to an exchange and have to go to a broker, Lime is cost effective and fast,” says D’Arco. “They can use our front end, get market data and trade options. They can price all the options and hedge options with equities — and put a hedge order through Lime seamlessly.”

The integrated service allows users to transact futures and equities at the same time, adds D’Arco. “From our platform, they can connect directly to a futures exchange, then connect to Lime for the equity leg of the trade,” he says. “It’s a seamless integration. For the end user, it’s all pulled into one front end and one algorithmic development framework. They can leverage both our capabilities from one place.”

Lime Brokerage provides the software that has been integrated with Rival Systems, while Lime’s parent, Wedbush, provides broker-dealer servicesoffered through the combined system. “As everything is integrated, hopefully it makes a better trading experience for everyone,” says D’Arco.

Related content

WEBINAR

Recorded Webinar: Market data management, licensing and administration in the post-Covid environment

Market data administration has always been a challenge. For many firms, keeping tabs on permissioning and entitlements, compliance with licensing agreements, and reconciling all that with increasingly complex invoices requires a significant dedicated resource with a clear understanding of the issues involved. As if that weren’t enough, things got more challenging for these teams in...

BLOG

BidFX Expands Algo Trading Capability in FX market

BidFX, a cloud-based provider of FX trading solutions, has added four State Street FX algo strategies to its platform, bringing the total number of algo providers it hosts to 20. It is also adding FX options liquidity providers to the platform and recently released an FX algo wheel. While market volatility caused by the coronavirus...

EVENT

RegTech Summit London

Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...