Rolfe & Nolan and US Futures Exchange combine on spot FX futures

Source: Rolfe & Nolan Systems

Rolfe & Nolan Systems (R&N) has partnered with U.S. Futures Exchange (USFE) to develop R&N system functionality supporting USFE's Spot Equivalent foreign exchange futures and other innovative contracts.

Additionally, the partnership provides for specific licensing that enables Rolfe & Nolan's global client base to freely process USFE products.

USFE's upcoming SEF currency futures call for a daily carry of basis that requires new system functionality for back office processing. Rolfe & Nolan has developed compatible coding to ensure accurate accounting of the SEF contracts.

"We are pleased to work with Rolfe & Nolan, a prominent industry vendor with an impressive client list of Tier 1 banks, brokers and fund managers," said Satish Nandapurkar, CEO of USFE. "Our initiatives with R&N are a significant undertaking that is integral to our strategy of offering unique products to the futures market at large."

"USFE is introducing a number of innovative new derivative products to engage a broad spectrum of the trading community," said Bob Sylverne, CEO of Rolfe & Nolan Systems Inc. "We are thrilled to be working with USFE in support of their bold initiatives and look forward to distributing the resulting enhanced functionality to the R&N client base."

USFE's Spot Equivalent currency futures, which replicate spot market trading on-exchange, will be offered starting September 21.

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