Rosenthal Collins Group Now Live with ASPEN FX from GL TRADE Capital Markets Solutions
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PARIS & PHILADELPHIA--(Business Wire)-- Regulatory News: GL TRADE (Paris:GLT), global provider of multi-market and multi-asset solutions, today announced that Chicago-based Rosenthal Collins Group, LLC (RCG), one of the largest independently owned Futures Commission Merchants, has gone live with GL TRADE's ASPEN for FX trading back-office operations. ASPEN FX will enable RCG to manage positions from its institutional FX group. GL TRADE's ASPEN is a feature rich, proven ASP solution offering a suite of trading, position management, risk management, processing, and general ledger tools. Through ASPEN's leading platform, RCG was able to connect to five FX electronic trading platforms and a rate provider to support its operations. ASPEN gives RCG's institutional FX group a straight-through processing environment that automatically processes transactions and generates client reports. Furthermore, with the ASP deployment model, RCG was able to start using ASPEN in less than 60 days. Kevin Nelligan, RCG's Manager of Institutional Foreign Exchange Sales, said, "We continue to enhance our foreign exchange offerings in addition to our extensive futures products and services. ASPEN was a logical choice for meeting our goal of finding an FX back-office solution that could enhance our ability to manage the operations and risk associated with institutional foreign exchange. Additionally, RCG and ASPEN share similar commitments to robust technology, client service and quality standards." Steve Yerkes, Director of ASP Services for GL TRADE Capital Markets Solutions added, "We are pleased to have Rosenthal Collins Group as a new client. Our rich FX functionality and ASP deployment model are particularly attractive to Futures Commission Merchants looking to gain a competitive edge. The FX market is growing at an exceptional pace and is being viewed as alternative to the equity and fixed income markets. We provide a solution that allows our clients to offer their customers access to the FX market quickly. Furthermore, our clients benefit from the flexibility of the solution to expand in the future as business and market needs change." RCG is registered with both the Commodity Futures Trading Commission and the National Futures Association. www.gltrade.com About Rosenthal Collins Group With more than 80 years of experience in the futures industry, Rosenthal Collins Group (RCG) is one of the world's leading regulated Futures Commission Merchants (FCMs) offering trading execution, clearing, brokerage, foreign exchange, managed futures programs and a full range of electronic trading services to a global institutional, professional and retail customer base. RCG holds clearing memberships on all principal U.S. futures exchanges and has access to world futures markets through a network of correspondent relationships. With over 25,000 active accounts and more than 150 correspondent brokerage firms, RCG cleared more than 88 million contracts in 2007 and more than 73 million contracts in the first half of 2008. Further information about Rosenthal Collins Group can be found at www.RCGdirect.com. About GL TRADE GL TRADE is a global financial software solutions company, operating in over 50 countries and serving 1,600 clients. We are the leading provider of multi asset front to back solutions, connectivity and information services. Our mission is to deliver trading solutions that ensure our clients' success. Headquartered in Paris and London, GL TRADE employs more than 1,400 people. GL TRADE is listed on Euronext Paris (ISIN FR 0000072084). Marianne Quentin GL TRADE Group Marketing & Communication marianne.quentin@gltrade.com or Charlotte Crivelli Metia + 33 1 53 40 43 98 +1.917.320.6452 charlotte.crivelli@metia.com Copyright Business Wire 2008
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