GRAIN EXCHANGE AND ROLFE & NOLAN ANNOUNCE API LICENSING AGREEMENT
FOR MGEXPRESS® - March 12, 2003
MINNEAPOLIS—The Minneapolis Grain Exchange (MGEX) and Rolfe
& Nolan Systems Inc. today announced the completion of an agreement
to provide licensing of the RANorder MGEXpress API to Rolfe &
Nolan’s entire RANorder client base. The agreement provides
access to MGEXpress via all of RANorder’s front-ends for no
license or installation fees.
MGEXpress®, the exchange’s electronic trading platform,
includes trading for National Corn Index (NCI) and National Soybean
Index (NSI) futures and options. Rolfe & Nolan, the leading
supplier of global straight through processing solutions to the
futures and options industry, has completed development of the MGEXpress®
API and is already in production with several RANorder clients.
RANorder is an ASP-based, white-label solution providing, retail,
commercial and professional trade entry, pre-trade credit control,
exchange routing and real-time account updates.
“State-of-the-art exchange access and widespread availability
of MGEXpress® are high priorities for us,“ said Kent Horsager,
MGEX president and chief executive officer. “Since RANorder
is widely accepted among our customer base, we saw the opportunity
to work with Rolfe & Nolan to deliver NCI and NSI markets in
the most expedient and efficient manner, removing many of the traditional
barriers to customer participation.”
“Rolfe & Nolan is excited to be able to contribute to
the continuing success and functionality of the MGEXpress® platform,”
said Jim Birney, chief financial officer of Rolfe & Nolan Systems
Inc. “We work closely with exchanges to accelerate the development
and distribution of new software functionality, thereby reducing
potential time-to-market issues and increasing the level of market
involvement from the Rolfe & Nolan clients.”
MGEXpress® may also be accessed with a browser via the Internet,
by leasing a telecommunications line or by connecting through a
Virtual Private Network (VPN) through the Internet. Additionally,
MGEX members have the alternative of connecting via a wireless network
on the MGEX trading floor.
NCI and NSI futures and options offer buyers and sellers of corn
and soybeans risk management tools that are reflective of country
origin pricing, which can translate into reduced basis volatility.
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:
Sara Spangler – firstname.lastname@example.org
MGEX - Tel 612 321 7143
Jim Birney - email@example.com
Rolfe & Nolan Systems Inc
Tel 312 612 7844