08 May 2025 | Thursday | News
Picture Courtesy | Public Domain
Rival Systems, a leading provider of enterprise risk management and trading solutions, announces that Wedbush Securities, a leading financial services firm, has selected Rival Risk to support its facilitation of 24x7 trading by its clients on Coinbase Derivatives. Wedbush's Futures division will use Rival Risk to monitor Wedbush Securities client accounts trading on Coinbase Derivatives, ensuring seamless risk management around the clock.
"As markets continue to move toward continuous trading, it's essential for us to offer clients seamless, real-time risk management that they can rely on at all hours," said Bob Fitzsimmons, EVP, Co-Head of Multi-Asset Clearing and Prime Services at Wedbush Securities. "By leveraging Rival's platform, we're enhancing our ability to monitor client accounts without interruption, providing greater flexibility and peace of mind for clients navigating these evolving markets."
With more exchanges and marketplaces shifting toward continuous trading, having a risk system capable of operating without interruption is essential. Rival Systems has built its technology to meet the demands of a 24/7 trading environment, ensuring firms can manage exposures and protect their operations at all times.
"It's a pleasure working with Wedbush, and we're proud to support their efforts as early adopters of 24/7 derivatives trading," said Rob D'Arco, CEO of Rival Systems. "As more exchanges move to 24/7 trading, it's critical for firms to have risk systems that can perform reliably and accurately without downtime. We're excited to continue delivering solutions that help our clients succeed in this new trading landscape."
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