Lupo Holdings deploys Rival Risk platform

Source: Rival Systems

Rival Systems (Rival), an award-winning provider of trading and risk management software, today announced that Lupo Holdings has selected the Rival Risk platform to manage its futures, equities and options trading business.

Lupo, which manages multiple trading groups, is using Rival Risk extensively for real-time enterprise risk management, advanced market scenario analysis and optimization of its cross-margining capabilities.

Brian Kelly, Lupo Holdings Risk Manager, said: “We back a broad range of trading groups specializing in multiple products, and we need to run risk scenarios across our futures and equities businesses. Now we can manage all of our needs from one user-friendly platform instead of running two different risk systems. The drill-down effects on Rival Risk are amazing, with more categories than I’ve ever seen on a risk platform, including the ability to handle Lupo’s significant inventory by strike, which is remarkable. We can drill down as deep as we want - by product category, symbol, expiration, all the way down to the individual instruments, and we can customize a wide range of risk scenarios and inputs exactly as we desire. The platform gives us full confidence that we’re seeing our entire risk exposure at any given time.”

Kelly said that Lupo used to encounter price lags when analyzing cross-margin accounts with other platforms, but Rival Risk has vastly improved the process for the firm.

He said: “This platform is more resilient in real-time calculations than anything we’ve seen before. We’ve experienced no glitches, and we can use Rival Risk’s synthetic price calculations when there isn’t a market for an illiquid product so we have an accurate view of our enterprise position at all times. The end-of-day settlement report Rival sends matches the next-day reports we get from our clearing firm so now we know where we stand much sooner. We even have real-time option Greeks readily available and easily discernible. The support is also outstanding.”

Rival Systems CEO Robert D’Arco said: “It’s very gratifying when clients tell us that we’ve solved significant problems for them and delivered vital solutions customized to their needs. We’re thankful for the opportunity to work with Lupo as we continue to build the innovative features firms need to effectively manage their business. As more proprietary trading firms adopt Rival Risk, we’re quickly becoming the gold standard in the industry.”
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