Rival Systems CEO Robert D'Arco said: "We're thrilled to earn Waters' honor of Best Buy-Side Commodities Trading Platform, reinforcing how successful our first year on the market has been. We've strived to set ourselves apart not only with unparalleled speed but with transparent latency reporting so clients always know where they stand, innovative features so they can trade intelligently, and a high level of service and support. Our functionality holds particular appeal for firms facing the volatility often inherent in commodities and the complexities of electronic market making."
Victor Anderson, editor-in-chief of Waters Magazine and Waters Technology, said: "The BST Awards judging panel selected Rival as the best buy-side commodities trading platform provider based on its ability to support buy-side organizations trading energy, metals and agricultural instruments. Positive client feedback and the firm's focus on continually enhancing its platforms in terms of connectivity and functionality were also key factors in our decision."
Rival regularly solicits feedback on enhancements clients would like to see. Within the first year, the firm introduced nearly 100 new features and enhancements to Rival Trader and Rival API, primarily client-driven and implemented within an average two weeks of the request. The features are available to all clients with no extra charge.
The aim of the Buy-Side Technology awards is to recognize the leading technologies and vendors in their area of expertise, through an auditable, transparent methodology underpinned by the input and experience of seven judges - five buy-side-focused technology consultants and two of Buy-Side Technology's editors.
Launched in 2015, Chicago-based Rival Systems (www.rivalsystems.com) empowers professional traders with the technology and resources required to compete in today's markets. Rival provides a comprehensive technology solution, including: Rival Trader, a sophisticated, ultra-low latency derivatives trading system; Rival API, an algorithmic strategy development framework; Rival Risk, a fully hosted enterprise risk management platform; and extensive training and support. Rival Systems has distinguished itself in the industry through its premier service, exceptional speed and advanced features designed to help users gain an edge in the market.
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SOURCE Rival Systems