Texas based Velocity Futures is to implement Rolfe & Nolan's Risc back office solution under an application service provider (ASP) agreement.
Jack Earnest, managing member at Velocity, a recently-established futures commission merchant, says: "The ASP-based Risc solution lets us totally outsource our hardware, network connectivity, application processing and exchange connectivity requirements to Rolfe & Nolan, allowing us to minimise our infrastructure costs and simplify the implementation."
Implementation is due to be completed this month.