Rolfe & Nolan sees profits rise following MBO

The latest figures compare favourably with £1.2 million ($2.18 million) in 2003, on revenue of £21.8 million ($39.6 million). The profits reflect improving market conditions and more electronic trading in the world’s derivatives markets, said Rolfe officials.

The positive returns come in the first full year of private ownership following a management buyout (MBO) in March 2003 and OnExchange’s failed bid to purchase the company. Private equity firm, HgCapital, which took a 76% stake in the company, backed the buyout. Management took up the remaining share.

In addition to announcing record profits, management officials said investment in new products is continuing. The vendor has invested more than £2 million in its back- and front-office initiatives, Merlin and Edge, according to a prepared statement from Bob Freeman, Rolfe's chief executive. Merlin is the new version of the vendor’s back-office system, while Edge is a new trading front-end that will accompany the company’s existing order-routing service, Ran Order Plus. Edge is currently in beta testing with three clients and will be officially launched on June 15, officials said.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Next-generation technologies and the future of trading

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…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here