Boca Raton, US, March 14, 2001: Rolfe & Nolan Systems Inc. announced today, record sales and revenues, including strong sales growth in Internet and Straight Through Processing solutions for the futures and options industry.
According to Bob Sylverne, Chief Executive Officer of Rolfe & Nolan Systems Inc., “Our strong sales growth in all of our product lines reinforces our decision to expand our Internet and core back-office products and validates the compelling front-to-back, feature-rich, integrated STP solutions we now provide to the global F&O industry.”
With new client additions in 2000, Rolfe & Nolan Systems Inc. Internet and order entry products now support over 20 FCM’s in the United States and Canada. Operating under R&N’s RANweb architecture, these R&N clients utilize state-of-the art software for Internet order capture, pre-trade risk management, exchange API access, real time RISC account data and access to reports and statements. Internet web pages are multi-lingual, multi-currency and designed to fully accommodate any firm’s branding and corporate image requirements.
In addition to strong growth in Internet and STP products, Rolfe & Nolan Systems Inc. also announced continuing positive momentum in their core back-office (RISC) business. In addition to previously announced conversions from competitor systems, R&N: has successfully converted a large international FCM’s London processing to RISC, is negotiating several agreements for implementations of RISC in Australia (in the wake of the retirement of a competitor’s back office system) and recently renewed six contract with existing clients.
Mr. Sylverne additionally stated, “Our continued commitment to client-driven innovation, while leveraging our strong development and support competencies and industry relations, has enabled us to deliver industry leading applications and solutions for the derivatives industry. We're very pleased that the industry recognizes both the superiority of the STP solutions and the strength of Rolfe & Nolan’s commitment to world class service and support.”