Bear Stearns implements new back-office derivatives system

Rolfe & Nolan said it successfully installed ‘RANrec’, which matches files and automatically highlights processing errors, and ‘RANtask’, which automates and schedules tasks and controls exchanges of data with other systems.

Jim McCarthy, European sales and marketing director for Rolfe & Nolan, said it took one week from the contract being signed to the system going live. He claims the systems will enhance straight-through processing and will have an immediate impact on profitability.

Rolfe & Nolan yesterday confirmed it has received a bid approach that may lead to an offer being made for the company. It did not name the bidder.

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At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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