Santa Clara / Chicago, Calif., March 13, 2017 - Algo-Logic Systems, a leading FPGA ultra-low latency trading solutions provider, and Rival Systems (Rival), an award winning provider of trading and risk management software, announced today that they have teamed up to develop an integrated offering using Algo-Logic's FPGA hardware and Rival's trading and algorithmic strategy development software. The complete tick-to-trade "out-of-the-box" solution for futures and options enables traders and firms of all sizes to capture the sub-microsecond latency and deterministic performance that typically only the largest trading firms with expensive internal infrastructures have enjoyed.
Algo-Logic and Rival have begun sharing details with clients, and they expect the integrated offering will be ready for deployment in the second quarter. The integration will begin with Algo-Logic's ultra-low latency Tick-to-Trade (T2T) System for the CME. The companies expect to provide similar capabilities for other exchanges going forward.
Rival Systems CEO Robert D'Arco said: "At Rival, we're always looking for new ways to help our users compete in the market. We reached out to the Algo-Logic team and are thrilled we were able to develop a turnkey offering that further enhances our platform. The seamless integration will allow users running the Rival Electronic Eye, Auto-Quoter and Rival API to leverage the accelerated solution automatically."
Algo-Logic CEO John Lockwood said: "Trading firms are always facing that 'build vs. buy' decision, and all but the very largest firms have to wonder whether the huge investment in infrastructure and time will pay off when they choose to build their own trading system from scratch. With this integration with Rival, they get the best of both worlds - a pre-built, easy-to-enable solution with the features they want, without an upgrade to their infrastructure."