Rival Systems (Rival), an award-winning provider of trading and risk management software, announced the roll-out this week of new options algorithm design functionality in its Rival Trader platform. The new functionality allows traders to easily design, test and execute options algorithms for futures and equity options with global market data and execution capabilities.
Rival Systems CEO Robert D’Arco said: “Given how rapidly markets change, we believe it’s critical for options traders to have smart logic at their fingertips to remain competitive and maximize opportunities. With our new options algo design feature, Rival Trader users can create advanced logic to dynamically work options orders or quotes in the market without having to write any code. Users can create their algos, run them against live market data to see how they would perform, and apply different algos to individual options, a range of options, or option spreads. Clients can combine this powerful tool with our unparalleled speed to automate and expand their options business.”
The options algorithm design feature – available to all Rival Trader users at no additional cost – enables traders to: