The Gateway to Algorithmic and Automated Trading

Rival Systems adds connectivity to Nasdaq Futures

First Published 18th October 2016

Rival Systems connects to NFX to provide expanded access to energy markets.

Chicago-based Rival Systems, a provider of trading and risk management software, has announced it now offers connectivity to Nasdaq Futures, Inc. (NFX), giving clients expanded access to energy markets and the ability to trade and manage like products across multiple exchanges. Rival is the latest software provider accepted into the NFX Preferred Vendor Program.

Launched in 2015, NFX offers key energy benchmarks in futures and options on oil, gas and U.S. power.

With Rival, options market makers can link volatility, underlying prices and quoting formulas across products to provide liquidity on all of the energy exchanges. Algorithmic traders can incorporate NFX into their automated trading strategies without having to make any code changes. Risk managers can view real-time P&L and normalized risk across all of their energy trading accounts.

"In our first year we've added connectivity to all of the major U.S. and European futures exchanges to meet our client demands," said Robert D'Arco, Rival Systems CEO "Over the next six months, we'll be adding access to fixed income markets and extending our capabilities for U.S. equities and equity options."