Source: Rolfe & Nolan
Rolfe & Nolan announced today that integrated energy company Centrica Energy has signed to take four Margin Direct licences under a multi-year contract.
Margin Direct delivers real-time, on-demand margin and P&L calculations. Built on Rolfe & Nolan's powerful margin calculation engine - part of the company's popular middle office suite - the product is ASP-delivered, with global coverage of all leading F&O exchanges.
Commenting on the agreement, Gavin Ferguson, Operations Manager at Centrica Energy said: "Centrica needs to be able to calculate and verify margin calls on the leading listed energy markets. We conducted rigorous benchmarking and testing of Margin Direct and were pleased with the results. Margin Direct's additional strengths of ASP delivery, immediate deployment, a flexible open API and Rolfe & Nolan's service support underpinned our decision to take this versatile margin solution."
Paul Miller, Global Sales and Marketing Director at Rolfe & Nolan said: "We are very pleased to sign up a top flight energy company like Centrica Energy to Margin Direct. Centrica joins existing banks, brokers and energy companies in recognising Margin Direct's powerful margin functionality and also the quality of our service, from implementation through to daily support. Centrica's signing also underlines the validity of Rolfe & Nolan's middle office strategy - offering the market a range of value-added tools that complement existing energy trade management solutions."