Rolfe & Nolan invests in Ecco front end

Rolfe & Nolan invests in Ecco front end

Rolfe & Nolan is to provide front-end order execution and trade capture from Ecco as part of its ASP offering for North American futures and options traders.

Under the agreement, Ecco will integrate its Pro-trader order execution capture product, currently marketed as T-Ware, into Rolfe & Nolan's existing order capture, risk management and exchange routing infrastructure. As part of the deal, Rolfe & Nolan has made an equity investment of £250,000, and a further £250,000 will be paid subject to development work being completed, giving Rolfe & Nolan global distribution and sublicensing rights to the Ecco product line.

Ecco's products are designed predominantly for professional futures traders and institutional users who need to price and trade spreads across different contracts.

Bob Sylverne, chief executive officer of Rolfe & Nolan's North American operations says the integration of the Ecco front-end will enable users to "trade any market, electronic or otherwise, through a totally outsourced, cost-effective infrastructure that provides real time pre-trade risk management, exchange connectivity and full integration with back-office processing."

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