Rolfe & Nolan and TruExchange in partnership for STP
Rolfe & Nolan Systems, the UK-based supplier of derivatives technology solutions, and TruExchange, a Massachusetts-based vendor of trading and matching engines for electronic exchanges and derivatives markets, have entered a partnership to provide a straight-through processing (STP) solution for the derivatives industry.
“Our combined technology solutions enable the completion of the transaction process, from trading decision through best market match and exchange clearing; and completion of the settlement process, from exchange member clearing to ultimate settlement in the end customer's brokerage account - all seamlessly with no interruption and no delay,” claimed George McQuilken, chief executive of TruExchange
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