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.

This agreement will allow Rolfe & Nolan and TruExchange to cross-market each other's products, and will include joint marketing campaigns to promote their integrated STP product suite to the derivatives industry. The two companies are currently integrating their product lines, including TruMarket - TruExchange's trading engine - running with live market data in a Web-accessible site managed by Rolfe & Nolan.

“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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