Rosenthal Collins Group live with GL Trade Aspen FX

Source: GL Trade

GL Trade, global provider of multi-market and multi-asset solutions, today announced that Chicago-based Rosenthal Collins Group, LLC (RCG), one of the largest independently owned Futures Commission Merchants, has gone live with GL Trade's Aspen for FX trading back-office operations.

ASPEN FX will enable RCG to manage positions from its institutional FX group.

GL TRADE's ASPEN is a feature rich, proven ASP solution offering a suite of trading, position management, risk management, processing, and general ledger tools. Through ASPEN's leading platform, RCG was able to connect to five FX electronic trading platforms and a rate provider to support its operations. ASPEN gives RCG's institutional FX group a straight-through processing environment that automatically processes transactions and generates client reports. Furthermore, with the ASP deployment model, RCG was able to start using ASPEN in less than 60 days.

Kevin Nelligan, RCG's Manager of Institutional Foreign Exchange Sales, said, "We continue to enhance our foreign exchange offerings in addition to our extensive futures products and services. ASPEN was a logical choice for meeting our goal of finding an FX back-office solution that could enhance our ability to manage the operations and risk associated with institutional foreign exchange. Additionally, RCG and ASPEN share similar commitments to robust technology, client service and quality standards."

Steve Yerkes, Director of ASP Services for GL TRADE Capital Markets Solutions added, "We are pleased to have Rosenthal Collins Group as a new client. Our rich FX functionality and ASP deployment model are particularly attractive to Futures Commission Merchants looking to gain a competitive edge. The FX market is growing at an exceptional pace and is being viewed as alternative to the equity and fixed income markets. We provide a solution that allows our clients to offer their customers access to the FX market quickly. Furthermore, our clients benefit from the flexibility of the solution to expand in the future as business and market needs change."

RCG is registered with both the Commodity Futures Trading Commission and the National Futures Association.

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