GRAIN EXCHANGE ANNOUNCES ADDITIONAL ACCESS ALTERNATIVES TO MGEXpress®
- January 31, 2003
MINNEAPOLIS—The Minneapolis Grain Exchange (MGEX) announced
today that access alternatives to MGEXpress®, the Exchange’s
electronic trading platform, will become more numerous, flexible
and affordable in a few weeks. National Corn Index (NCI) and
National Soybean Index (NSI) futures and options are traded on MGEXpress®.
By the end of February 2003, MGEXpress® will be accessible via
Rolfe & Nolan’s RANorder application. Rolfe &
Nolan, the leading supplier of global straight through processing
solutions to the futures and options industry, will provide MGEXpress®
access via RANorder’s browser and Windows-based front-ends.
“RANorder’s pre-trade risk control and order entry/routing
functionality was previously unavailable for MGEXpress®,”
said MGEX Chief Technology Officer Scott Anderson. “MGEX makes
it a high priority to provide state-of-the-art exchange access alternatives
to our customers. Our ability to now offer RANorder as an access
option is a significant step in that direction.”
Also coming in early March 2003 is Internet browser-based access
to MGEXpress®. Requirements for accessing MGEXpress®
via this path are Internet Explorer 5.5 or higher, an Internet connection
and a “certificate” that is copied onto your PC hard
drive. The connection is encrypted and therefore secure.
“MGEX browser-based access will allow widespread trading on
MGEXpress® through an easy to use, real-time Web-based interface,”
Anderson added. “This Web-based access, combined with the
RANorder offering, positions MGEX to expand market reach and functionality
for our electronic trading platform.”
Other methods of connecting to MGEXpress® include leasing a
telecommunications line and connecting through a Virtual Private
Network (VPN). Additionally, MGEX members have the alternative
of connecting via a wireless network on the MGEX trading floor.
Notes to Editors
MGEX, established in 1881, is the only market for hard red spring
wheat, white wheat, durum wheat, and NSI and NCI futures and options.
For more information about MGEX, visit www.mgex.com.
Rolfe & Nolan is listed on the London Stock Exchange, and has
offices in London, Chicago, New York, Singapore, Hong Kong, Sydney,
Milan and Frankfurt. Rolfe & Nolan supports over 250 bank,
brokerage and exchange clients in 20 countries. www.rolfeandnolan.com
For further information, contact:
Jim Birney - firstname.lastname@example.org
Rolfe & Nolan Systems Inc
Tel 312 612 7844