Back office vendor Rolfe & Nolan Systems has entered a partnership with trading technology outfit TruExchange to deliver end-to-end trading solutions for the derivatives industry.
Under the agreement, the two companies will cross-market each other's products to provide an integrated solution for front-end order capture, exchange routing/access, trade matching, execution, back-office clearing and settlement. They will also run joint marketing campaigns to promote their integrated product suite.
The two firms are currently developing TruMarket (the TruExchange trading engine) to run with live market data in a Web-accessible ASP site managed by Rolfe & Nolan. Users will be able to create new instruments on the fly and execute complex implied spreads with no legging risk. The combined solution assures fast, accurate order entry, execution and settlement and includes services for connectivity and back-office integration, say the companies.