Chicago, USA, January 8th 2001 - Rolfe & Nolan Systems Inc. announce today the successful completion of the in-house implementation of RISC, a comprehensive futures and options back-office processing system, for Louis Dreyfus in both their US and London offices. Louis Dreyfus, based in Connecticut, is an active participant in the exchange-traded futures and options markets.
The RISC system, which replaces the GMI back-office system from SunGard, is a fully integrated business solution for derivatives and FX back-office processing. The system, which runs on Louis Dreyfus's IBM AS/400 hardware, allows the organisation to maintain its high standards of futures and options order processing and delivery of account information. The RISC system also enables Louis Dreyfus to provide their customers with instant access to their data, including real-time transactions, real-time account valuations and specialized reporting.
"We are very pleased with the implementation of Louis Dreyfus," said Bob Sylverne, Rolfe & Nolan Systems Inc. Chief Executive Officer. "They come to Rolfe & Nolan from a major industry competitor, which is a compelling testimonial to the pre-eminent status of the RISC system in the market."
Rolfe & Nolan announce the Louis Dreyfus news on the heels of another successful RISC implementation with Professional Market Brokerage Group (PMB). PMB, based in Chicago, went live on RISC in July of this past year.
Rolfe & Nolan Plc, whose securities are traded on the London Stock Exchange, is based in London and has offices in Chicago, New York, Singapore, Hong Kong, Sydney, Milan and Frankfurt. The Company develops and markets advanced software applications for international banks, brokerage firms, and exchange members active in the clearing and processing of futures & options transactions.