London-based Rolfe & Nolan has won a five year contract to provide Australian futures broker Bell Commodities with its derivatives back office processing Risc product.
Bell will use Risc for all its futures & options, OTC, FX and equity option processing.
Rolfe & Nolan's product replaces SunGard's Octagon system, which had been in place for around 2 years. The broker decided to carry out a comparative review of several vendors products including Ubitrade's Ubix and SunGard's other offering, GMI, but says it opted for Rolfe & Nolan's Risc product because of the spread of functionality and the company's reputable service culture.
Gary Jones, director of sales and operations for Rolfe & Nolan in Australia comments: "This win marks a major breakthrough for us in the Australian marketplace...We intend to continue to strengthen our position in this region."