By the end of February 2003, MGEXpress® will be accessible via Rolfe & Nolan's RANorder application. Rolfe & Nolan, the leading supplier of global straight through processing solutions to the futures and options industry, will provide MGEXpress® access via RANorder's browser and Windows-based front-ends.
"RANorder's pre-trade risk control and order entry/routing functionality was previously unavailable for MGEXpress®," said MGEX Chief Technology Officer Scott Anderson. "MGEX makes it a high priority to provide state-of-the-art exchange access alternatives to our customers. Our ability to now offer RANorder as an access option is a significant step in that direction."
Also coming in early March 2003 is Internet browser-based access to MGEXpress®. Requirements for accessing MGEXpress® via this path are Internet Explorer 5.5 or higher, an Internet connection and a "certificate" that is copied onto your PC hard drive. The connection is encrypted and therefore secure.
"MGEX browser-based access will allow widespread trading on MGEXpress® through an easy to use, real-time Web-based interface," Anderson added. "This Web-based access, combined with the RANorder offering, positions MGEX to expand market reach and functionality for our electronic trading platform."
Other methods of connecting to MGEXpress® include leasing a telecommunications line and connecting through a Virtual Private Network (VPN). Additionally, MGEX members have the alternative of connecting via a wireless network on the MGEX trading floor.
