Cbot licenses Rolfe & Nolan front end for electronic trading
23 July 2003 | 4572 views | 0
The Chicago Board of Trade (Cbot) is to use Rolfe & Nolan's order entry system, RANorder Pro, as an alternative front-end system for its electronic trading platform, e-Cbot.
RANorder Pro will be offered to exchange members for alternative trading access and to clearing firms as a back-up order entry system for the eCbot platform, which will be powered by Liffe Connect.
The application will be available under the e-cbot Direct label to members who do not support their own infrastructure.
Under the agreement, Rolfe & Nolan will also supply the exchange with ASP services, including the provision of all required production and disaster recovery infrastructure, the implementation and management of network and Internet connectivity, and ongoing application and operational support for RANorder Pro.
Bryan Durkin, senior vice president, trading operations, Cbot, says e-cbot Direct is intended to fill the void for those members who were reliant on the exchange provided platform and GUI.
"We want to ensure that our members receive a flexible trading solution at a reasonable cost and we like that Rolfe & Nolan is handling the implementation and management of the solution on an on-going basis," says Durkin.
The e-Cbot Direct service will be available at the end of November 2003 in conjunction with the initial rollout of the new trading platform.