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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 |
