Rolfe & Nolan to distribute WTD Prysm middle office component
Rolfe & Nolan, the recognized global market leader in the provision of software services and solutions for the exchange traded derivatives industry, today announced that the company has reached an agreement with WTD Consulting, a premier provider of applications and services to the exchange traded derivatives marketplace.
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The agreement allows Rolfe & Nolan to offer WTD Prysm applications to the global derivatives market. Prysm is an advanced middle office component application that provides trade management, claims, allocation and matching facilities and interfaces with Rolfe & Nolan’s back office systems to offer enhanced and more effective messaging support capabilities.
Under the terms of the agreement, Rolfe & Nolan will provide sales and marketing activities in addition to front-line support of the Prysm application. WTD will provide development and enhancement support for Prysm.
The partnership agreement forms part of Rolfe & Nolan’s strategy of delivering middle office products under component technology architecture. As a leader in component-based technology for the financial services industry, Rolfe & Nolan is perfectly positioned to deliver sales and support of Prysm for WTD. The selection of Prysm applications for inclusion in Rolfe & Nolan’s expanding middle office suite of solutions allows Rolfe & Nolan to deliver enhanced trade management functionality, meeting the industry need for timely and cost effective trade enrichment.
Bob Sylverne, Chief Executive Officer of Rolfe & Nolan Systems Inc., adds: "Prysm is an excellent strategic fit with our middle office technology strategy, particularly in the key area of trade enrichment. WTD is able to provide us with a great product, which integrates seamlessly with our technology and completes another piece of our middle office component initiative. In addition, the agreement is of particular importance as Prysm implementation discussions are very advanced with a number of major global FCMs who see the strategic value of the WTD/R&N partnership."
WTD’s agreement with Rolfe & Nolan will further extend R&N’s capabilities to integrate middle and back office component functionality. Michael J. Mendrys, Chief Executive Officer of WTD Consulting, comments: "This partnership with Rolfe & Nolan marries WTD’s product innovation with R&N’s global sales and support presence and even more importantly their middle office technology, delivering the most complete combination of functionality along with the greatest global presence in the industry today".