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May 16, 2003
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Minneapolis Grain Exchange and Rolfe & Nolan Announce Frontier and ADM Investor Services Live on MGEX API - May 16, 2003

MINNEAPOLIS, May 16th – The Minneapolis Grain Exchange (MGEX) and Rolfe & Nolan Systems Inc. today announced order routing connectivity to the MGEX for Rolfe & Nolan clients Frontier Futures, Inc. and ADM Investor Services, Inc. The announcement comes on the heels of a recent agreement between Rolfe & Nolan and MGEX, which supplies licensing of MGEXpress®, the MGEX electronic trading platform, to Rolfe & Nolan’s entire RANorder client base for no license or installation fees. RANorder is Rolfe & Nolan’s fully automated white label order entry and management system supporting retail and professional trade entry, pre-trade order risk control, and transaction routing to open outcry and electronic markets.

“Rolfe & Nolan and the Minneapolis Grain Exchange provided us a smooth, cost-effective entry into the MGEX electronic trading environment,” said Ted Johnson, compliance director for Frontier Futures, Inc., which purchased the RANorder system in November of 2002. “For companies of modest size like ours, it means a lot to be able to stay up-to-date with the most current exchange APIs without the burden of additional licensing fees.”

“Our ASP business model is designed to provide the latest exchange interfaces to our clients for the least possible cost,” said Jim Birney, chief financial officer at Rolfe & Nolan. “Our agreement with the Minneapolis Grain Exchange puts that philosophy into practice. Rolfe & Nolan is the first solution provider to write to the Minneapolis Exchange API, and has done so with no new costs to clients.”
 
Notes to Editors:
 
Frontier Futures, Inc, headquartered in Cedar Rapids, Iowa, serves a national and international client base of individual and institutional traders and hedgers. www.ffutures.com

ADM Investor Services, a wholly-owned subsidiary of the Archer Daniels
Midland Company (ADM), is a clearing member of the Chicago Board of
Trade, Chicago Mercantile Exchange, Minneapolis Grain Exchange, New
York Mercantile Exchange, New York Board of Trade and the London
International Financial Futures Exchange.  www.admis.com

MGEX, established in 1881, is the only market for hard red spring wheat, Hard Winter Wheat Index (HWI), National Corn Index (NCI) and National Soybean Index (NSI) futures and options. www.mgex.com

Rolfe & Nolan is the leading supplier of global straight through processing solutions to the futures and options industry. The company has offices in London, Chicago, New York, Singapore, Hong Kong, Sydney, Milan and Frankfurt and supports over 250 bank, brokerage and exchange clients in 20 countries. www.rolfeandnolan.com

For further information, contact:

Roger Eastman - roger.eastman@ranincusa.com
Rolfe & Nolan Systems Inc
Tel 312 559 0250
Fax: 312 559 9493

or

Rich Markowitz - rich.markowitz@ranincusa.com
Rolfe & Nolan Systems Inc
Tel 312 612 7918
Fax: 312 559 9493

or

Gary Delany - gary.delany@ranplc.co.uk
Rolfe & Nolan Systems Ltd
Tel: +44 (0) 20 7847 6550
Fax: +44 (0) 20 7374 0732

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