Rival Systems Extends Reach Into Equities

Blog entry

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.