TruExchange Inks Derivatives Partnership Pact With Rolfe & Nolan, Eyes FCMs and Exchanges


By Robert Sales
November 29, 2001

TruExchange, a Lexington, Mass.-based supplier of real-time trade-matching engines, has forged a U.S. partnership with Rolfe & Nolan, a London-based vendor specializing in derivatives order routing and clearing applications. The alliance calls for the vendors to cross-market their integrated suite of applications to futures commission merchants and exchanges that need a straight-through-processing solution for derivatives trading.

A TruExchange official says that when the allies go on joint sales calls, TruExchange will pitch its real-time matching engine while Rolfe & Nolan will emphasize its front-end workstation platform and its back-office clearing software. The official says that TruExchange, a newcomer to the derivatives industry, hopes to leverage Rolfe & Nolan's extensive customer base, which is comprised of roughly 300 FCMs spread across the globe.

TruExchange plans to market its technology to FCMs that want to match buy and sell orders internally. The TruExchange matching engine, says the official, will provide FCMs with the ability to match different types of orders internally and route out orders that the TruExchange system cannot find a match for.

Exchanges that need the capability to expeditiously enable their customers to trade new products are another segment of TruExchange's target audience. Up-and-coming B2B exchanges and traditional exchanges that want to supplement or replace their existing trading engine are at the top of TruExchange's list of prospects, says the official.

The official also says that TruExchange has already signed a deal with "one major North American exchange," but he declines to specify that customer.




PRINT THIS ARTICLE
E-MAIL THIS ARTICLE


CHECK THIS OUT

Electronic Trading Resource Center
As markets move faster and trading in all types of investment classes continues to migrate to electronic trading, the technology that supports trading strategies is evolving at a rapid pace. Reducing latency and building systems that can match orders in hundredths of a second will be required if firms want to continue to compete in many markets.

Events

Live Events:
Buy-Side Trading Xchange
June 04, 2008

Buy-Side Trading Summit 2008
November 16-18, 2008


Web Events:
2008 Market Mandates and Web 2.0 for Investment Management Online Client Applications
May 14, 2008

2008 Market Mandates and Rich Internet Application Trending for Online Business Banking Channels 2008
May 20, 2008

How Can Financial Firms Build a Better Data Center?
May 29, 2008

Market Trends 2008 and Rich Internet Applications: Online Channels Retirement and Benefits Service Portals
June 03, 2008

Market Trends 2008 - Rich Internet Applications: Next Generation Online Financial Portals in Financial Services
June 04, 2008

Straight Talk About Low-Latency: The Value of a Millisecond
June 19, 2008


White Papers

Level 3 Connectivity Kit
Stay ahead of the bandwidth curve. The Level 3 Connectivity Kit provides full resources to help you make informed decisions regarding your network infrastructure. Download the Data Center Networking Strategies for Financial Services Firms White Paper; Business Class Ethernet: Trends in Perspective eBook and BC/DR Best Practices for the Data-Intensive Enterprise Gartner Webcast

Surviving and Thriving in a Challenging Market
Learn how financial services firms can use customer-centric strategies and tools to maximize client value and loyalty, gain insight into new opportunities, and do more with less, counteracting market volatility.

Marketplace

Career Center


Ready to take that job and shove it?

Function:
Information Technology
Engineering
State:


Keyword(s):

Browse By:
State | City