Under the terms of the deal, both companies will integrate specific technology applications and will cooperatively market Future Dynamics’ risk management product, Rollcage – a sophisticated risk control tool that works across multiple front ends and open outcry markets to provide a firm-wide view of risk.
"This transaction enables us to provide leading edge technology in the FCM risk management field and sets the standard for listed derivatives risk management in North America," said Future Dynamics CEO Steve Grob. "We selected Rolfe & Nolan as a partner because they have the industry’s best back-office technology and they have established themselves as innovators in the listed derivatives straight-through-processing industry."
Bob Sylverne, CEO of Rolfe & Nolan, concurs: "The Rollcage risk management application is a natural extension to our straight-through-processing architecture and we’re confident that the solution will help our clients to more effectively control their risk. With the integration of our technologies, Rollcage is positioned to become the most advanced listed derivatives risk management tool on the market."
Rollcage introduces a new dimension in FCM risk management. Rollcage seamlessly combines start-of-day data (positions, balances, etc.), market prices and trade fill feeds, and continuously channels the data through a SPAN® margining engine. Rollcage’s innovative risk radar screen visually displays the real-time margin and P&L data for each account and the system automatically notifies (via e-mail, pagers, PDA’s) risk managers when any account’s risk status escalates beyond preset limits."