Florida investment firm American Mutual has signed a five-year contract for Rolfe & Nolan's hosted futures and options back office processing system, Risc.
The vendor says the ASP-based system will enable American Mutual to shift its hardware, network connectivity, application processing and exchange connectivity requirements directly over to Rolfe & Nolan.
The RISC processing model will include real-time valuations, US and global clearing interfaces, global margin calculations, automated general ledger interface, risk management and multiple reporting features.
American Mutual has also signed up to the vendor's Internet and Intranet data formatting and delivery system, e-Route, along with a Web account inquiry and task automation module management system.