Back office futures and options vendor Rolfe and Nolan has installed its RANmargin product at Unicredit Servizi Informativi (USI), the information technology division of UniCredito Italiano Group.
Rolfe and Nolan says USI is using RANmargin as a risk management component in its order routing system to handle intra-day margin calculations.
USI will also be using the system as the margin engine for its European central counterparty (ECCP) project, with a scheduled live date of Spring 2003.
RANmargin is used for the calculation of margin on exchange traded derivatives and in its most recent margin server form provides key functionality for the calculation of ECCP margin and margin offset between equity and derivative positions.
Rolfe and Nolan shareholders recently accepted a 100 pence a share offer from Maia Holdings and the vendor will delist from the London Stock Exchange on 3 April.