The deal brings together two major players in the derivatives technology market. Trinitech Systems International Inc. provides web based client order management and routing systems to the global derivatives industry. Based in London, TSII specializes in derivatives trading front-ends and access to electronic and open outcry exchanges. The Company maintains offices in London, New York and Chicago.
Rolfe and Nolan Plc develops and markets advanced software applications for international banks, brokerage firms and professional trading groups active in clearing and processing of futures, options, FX and OTC transactions. Rolfe and Nolan is based in London and has offices in Chicago, Frankfurt, Hong Kong, Milan, New York, Singapore and Sydney.
The joint venture will provide R&N with an advanced front office order book management system and access via TSII’s interfaces to electronic exchanges around the world. The agreement will also enable R&N’s RANorder management clients to access US open outcry floors and exchanges through TSII’s Powerdeck, a wireless handheld computer that gives brokers electronic connectivity directly from the exchange floors. TSII’s functionality will complement R&N’s comprehensive range of operational transaction processing and value-added applications designed for local, regional and global players.
Andrew Hobbs, US & Asia Sales & Marketing Director with responsibility for R&N’s strategy for STP and e-commerce commented, TSII offers an advanced product based around a central, global order book. This partnership will give our customers a greatly improved STP capability while accelerating our strategic plans. With TSII, our component-based STP solution will now cover all key aspects of transaction flow across the global markets.
It is intended that R&N’s London data center will be incorporated with TSII’s NYFIX data center in New York to provide clients with electronic connectivity to US-based derivatives markets. This is what the industry has been waiting for. Our joint product range can provide clients with STP, in addition to web-based access to front and back office functionality and value-added components designed for proprietary networks, Internet or Intranet/Extranet, added Jon Steward, TSII’s Managing Director. By reducing time to market for transaction flow solutions and combining both companies’ resources to provide global reach and coverage, we are confident this venture will give derivatives market participants an unparalleled STP Solution, concluded Mr. Steward.
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