Rival Systems, a US-based startup that develops online trading technology, announced that its risk management system Rival Risk is now live. The release follows that of two other products developed by Rival Systems: a derivatives trading platform called Rival Trader, and an API service called simply Rival, a framework for the development of algorithmic strategies in an environment of growing automation of trading and clearing services.
Monitoring profit and loss in real time
The Rival Risk system targets both the buy side and the sell side, offering exposure management and risk monitoring across asset classes in real time. The customizable service provides a centralized point of monitoring all business activities of hedge funds, commodity trading advisers, brokerages, and clearing firms. It also allows the companies using it to keep a close eye in real time on their profit and loss situation, based on their exposure, which the software analyses base on the changes in market conditions.
Customizable market scenarios
Users can create their own price and volatility scenarios. Rival explained in a press release that these can be incorporated into the equity and split percentages of their clients in order to gain a deeper understanding into how the firm’s capital is being used and what the profit and loss prospects for each group of clients are. This is the first product on the market that offers this solution, the company said.
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“An intuitive tool that allows clients to see everything in one place and quickly filter through large data sets”
The Chief Executive Officer (CEO) of Rival Systems said: “We designed Rival Risk as an intuitive tool that allows clients to see everything in one place and quickly filter through large data sets to analyze their risk at any given time. They can see all of the relevant activity across the entire firm and individual profit centers and then drill down to a specific strategy, sets of products or individual instruments. If there is a market event and a firm wants to know its exposure across a particular array of products, the answer is available instantaneously.”