London-based Rolfe & Nolan has secured service bureau agreements with US firms Mitsui & Co Investment Products (Mitsui), Cresswell Capital, Clifden Futures and The Cliff Larson Company.
Under the agreements Rolfe & Nolan will be supply its back-office processing system Risc, as well as its Web-based data formatting and delivery system e-Route on an application service provider (ASP) basis.
Cliff Larson, CEO of Minneapolis-based Cliff Larson Company, says the ASP-based service was selected because it required minimal infrastructure build-up.
"We won't need a large infusion of hardware or staff. For small companies such as ours, this type of solution provides critical advantages that help us to minimise cost," adds Larson.
Bob Sylverne, CEO, Rolfe & Nolan, says numerous signings in a tough commercial environment validate the firm's strategy.
In addition, Rolfe & Nolan says Cresswell and Clifden have also contracted for its RANweb product, an infrastructure that hosts the vendor's Web-enabled applications. Mitsui will also deploy its margin calculator, RANmargin, and foreign exchange trading module Risc FX.