Rival Systems Extends Energy Connectivity Solutions to Nasdaq Futures

Tuesday, 18/10/2016 | 15:09 GMT by Jeff Patterson
  • The partnership will see energy traders able to better function across multiple exchanges using one platform.
Rival Systems Extends Energy Connectivity Solutions to Nasdaq Futures
Bloomberg

Rival Systems, a Chicago-based provider of trading and Risk Management software, has extended its connectivity capabilities to Nasdaq Futures, Inc. (NFX), helping augment clients’ access to energy market trading, according to a recent Rival statement.

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Rival helps provide a number of different trading solutions, with its latest extension of connectivity helping cater to energy market traders. In particular, this also helps clients streamline their trading and management over multiple exchanges, which directly integrates into the NFX Preferred Vendor Program.

The NFX has been a relative newcomer to the energy market scene, having only launched last year. Since then it has offered a multitude of key energy benchmarks in the futures and options space, ranging from such instruments as oil, gas and US power.

NFX’s decision to link up with Rival was led in part by the propensity to utilize similar products across multiple exchanges, which in turn necessitates the integration of data, control strategies, and risk management from a singular system. Per the partnership, options market makers will be able to link volatility, underlying prices, and quoting formulas across products to help provide Liquidity on all of the energy exchanges.

Rick Beaman

Rick Beaman

According to Rick Beaman, Vice President (VP) and CEO of NFX at Nasdaq, in a recent statement on the extension: “With more than 100 products now trading on NFX, clients of Rival will have access to our growing liquidity and open interest, which benefits all market participants. Adding Rival to our growing list of trading technology providers further highlights demand for our competitive mix of new products, competitive fees that are 50% of incumbent rates and clearing services designed to meet the needs of futures traders.”

“By adding connectivity to NFX, our clients are now able to trade and manage risk on benchmark energy products across all of the major exchanges. Clients can access NFX throughout the entire Rival ecosystem and leverage our innovative features to easily integrate NFX markets into their trading strategies. NFX has brought great technology, compelling products and a competitive cost structure into the energy market, and we’re excited to make the offering available to our clients,” noted Robert D’Arco, Rival Systems CEO, in an accompanying statement.

Rival Systems, a Chicago-based provider of trading and Risk Management software, has extended its connectivity capabilities to Nasdaq Futures, Inc. (NFX), helping augment clients’ access to energy market trading, according to a recent Rival statement.

Don't miss your last chance to sign up for the FM London Summit. Register here!

Rival helps provide a number of different trading solutions, with its latest extension of connectivity helping cater to energy market traders. In particular, this also helps clients streamline their trading and management over multiple exchanges, which directly integrates into the NFX Preferred Vendor Program.

The NFX has been a relative newcomer to the energy market scene, having only launched last year. Since then it has offered a multitude of key energy benchmarks in the futures and options space, ranging from such instruments as oil, gas and US power.

NFX’s decision to link up with Rival was led in part by the propensity to utilize similar products across multiple exchanges, which in turn necessitates the integration of data, control strategies, and risk management from a singular system. Per the partnership, options market makers will be able to link volatility, underlying prices, and quoting formulas across products to help provide Liquidity on all of the energy exchanges.

Rick Beaman

Rick Beaman

According to Rick Beaman, Vice President (VP) and CEO of NFX at Nasdaq, in a recent statement on the extension: “With more than 100 products now trading on NFX, clients of Rival will have access to our growing liquidity and open interest, which benefits all market participants. Adding Rival to our growing list of trading technology providers further highlights demand for our competitive mix of new products, competitive fees that are 50% of incumbent rates and clearing services designed to meet the needs of futures traders.”

“By adding connectivity to NFX, our clients are now able to trade and manage risk on benchmark energy products across all of the major exchanges. Clients can access NFX throughout the entire Rival ecosystem and leverage our innovative features to easily integrate NFX markets into their trading strategies. NFX has brought great technology, compelling products and a competitive cost structure into the energy market, and we’re excited to make the offering available to our clients,” noted Robert D’Arco, Rival Systems CEO, in an accompanying statement.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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