Arcadia Petroleum signs with Rolfe & Nolan for Prysm trade matching module

Source: Rolfe & Nolan

Arcadia Petroleum has signed a three year agreement to take Prysm, the trade matching and allocation product that forms part of Rolfe & Nolan’s successful and ground-breaking middle office suite.

Paul Miller, Global Sales & Marketing Director at Rolfe & Nolan said: "We are delighted to announce our contract to supply Prysm to Arcadia. Technologically cutting edge, Prysm offers an effective, scalable alternative to the limited number of offerings available in the market today. We have seen a lot of interest in Prysm as the latest, advanced alternative to existing products and look forward to a long and productive relationship with Arcadia."

Miller added: "With its attractive cost model, Prysm offers Arcadia the modern, flexible functionality and straight-through-processing that a growing business needs for the efficient matching and allocation of trades on global energy exchanges."

Prysm is the innovative, web-based solution that performs automated trade claiming, flexible allocations, trade matching and reconciliation. Key benefits are importing all exchange trades using a proprietary XML layout to deliver a uniform look and functionality across markets; the ability to limit, by user, the accounts to be viewed and the functionality available; and flexibility that lets users define when, where and how their trade data is received and transmitted.

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