MBX Clearing Selects Rival Systems for Index Options Trading and Enterprise Risk Management

Rival Systems (Rival), a leading trading and risk management software provider, has announced that MBX Clearing, a new self-clearing PTG, is leveraging Rival’s multi-asset trading and enterprise risk platform for index options trading.

“Rival’s vast experience working with index option traders, advanced option functionality, real-time margin calculations, and ability to provide a fully hosted solution to trade on the CBOE were the key factors in choosing Rival over other solution providers,” said MBX Clearing’s Chief Risk Officer, Jon Galin. “Rival’s proven trading and risk platform played an essential role in getting us up and running quickly and obtaining regulatory approval from OCC.”

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Rival provides MBX Clearing with a fully hosted solution to trade and manage risk for index options on the CBOE and is fully integrated with MBX Clearing’s back-office system to provide real-time trade diff reporting with the OCC.

Rival Systems’ high-performance trading and risk management platform offers seamless, direct market access for clients creating operational and trading efficiency. Users can:

• Setup custom volatility curves or fit to the market,
• Quickly price up option spreads,
• View and trade the CBOE’s complex order book and auctions,
• View real-time risk and margin,
• Run custom risk scenarios and VaR.

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In addition, Rival’s C++, C#, or python APIs put users in the driver’s seat, enabling them to build their own automated trading strategies making Rival Systems one of the most adaptable and comprehensive SaaS ecosystems on the market today.

“Setting up a new self-clearing broker can be a daunting task but working with an established trading platform like Rival makes the process a lot easier. It’s been great to help Jon and the MBX Clearing team get up and running using our customizable solutions and we’re excited for the opportunity to continue working with them as they expand their business,” said Rob D’Arco, CEO of Rival Systems.

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