Rolfe & Nolan today announced that Fees Direct, its innovative fee and commission management tool, has extended its coverage to include Euronext.liffe's rapidly expanding Bclear segment.
Patrick Liardet, Director of Middle Office Technology at Rolfe & Nolan said: "Fees Direct already included over 330,000 separate exchange, regulatory and clearing house fees. As a result of customer demand we've added Bclear, which brings the total to over 360,000 fees. Bclear fees fit in perfectly with our existing product and methodology."
Commenting on the commercial development of Fees Direct, Paul Miller, Global Head of Sales and Marketing at Rolfe & Nolan said: "Fees Direct shows the power of innovation applied to a practical business problem. We've enjoyed really strong interest in the product - seven signings over the past eight months, with four tier one global investment banks and three global FCMs. We have recently enhanced the fee enquiry functionality, bringing additional tangible benefits to users. The recent upsurge in market volumes accompanied by the increase in the number of exchange fee changes ensure that accurate fees remain a high priority for banks and brokers."
Miller concluded: "Adding Bclear, one of the recent great success stories, is a natural extension of Fees Direct, and moves Fees Direct right into the heart of a key segment of the equity market."