HSBC rolls out Rolfe & Nolan back office system in US

The UK's largest bank, HSBC, has started rolling out derivatives back office technology developed by Rolfe & Nolan (R&N) in New York and Chicago.

The UK software firm has installed the RANsys futures and options back-office processing system at HSBC in the US as part of a global roll-out by the bank.

London, Singapore and Athens are already live on RANsys.

HSBC is also using R&N’s task management system, RANtask, its automated reconciliation product, RANrec, its e-route report and data distribution module and RANweb, a Web infrastructure that hosts R&N’s Web-based modules.

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