Rival Completes Certification for Cboe Futures Exchange Migration to Bats Technology Platform

Rival Systems (Rival), an award-winning provider of trading and risk management software, announced that the firm has already established readiness for the Feb. 25 planned migration of Cboe Futures Exchange (CFE) onto the Bats technology platform. Rival has completed testing and received certification by the exchange for the integration of market data and order entry technology, promoting a seamless transition for clients participating in markets affected by the change.

Rival Systems CEO Robert DArco said: Our team has been working hard to ensure we are ready well ahead of the Feb. 25 migration. We’ve conducted extensive functional and performance testing to ensure our clients have the best system in the market on day one. The migration will be seamless for our CFE futures traders as well as the VIX options market makerswho drive their option quotes off of the CFE futures. Users of our Rival API will not have to make any changes to their code to migrate to the new CFE platform.We are nowfocused on getting the Cboe equity feeds online for our clients who run low latency equity strategies and for equity options market makers whodrive their options quotes off of the equities feed.

“Were pleased Rival made the migration of CFE to Bats technology a high priority and is ready for the planned February 25th transition, said Chris Isaacson, Cboe Executive Vice President and Chief Information Officer. These efforts by customer firms are vital to a successful and seamless migration.”

Rival supports Cboes PITCH full depth-of-book market data feed and Binary Order Entry (BOE) to provide users with the lowest latency possible, DArco said. The firm also supports good-til-canceled (GTC) orders, as well as all other order types, and provides top-of-the-line hardware, colocation hosting and market data vendor-of-record services.

Beginning in February, Rival will also support market data feeds for Cboes U.S. equities exchanges, EDGX Equities, EDGA Equities, BZX Equities and BYX Equities.