Rosenthal Collins Group Implements GL Trade for FX Risk

Rosenthal Collins Group, a Chicago-based Futures Commission Merchant, recently went live with GL Trade's Aspen product for its institutional group's FX trading risk management operations.

"We're trying to increase our presence in the FX markets and I'm concentrating on enhancing our institutional side of the business," says Kevin Nelligan, FX Sales Manager at Rosenthal Collins Group.

"GL Trade's Aspen program is one of the more robust programs out there and it allows us to continue to grow and has all of the monetary and risk management tools that we need," he explains.

Nelligan says that Rosenthal offers clients the FX trading platforms, with the bulk of the business going through the Lava FX platform currently, and those trades are then automatically processed into the Aspen platform. "We can constantly monitor any risk or anything of that nature for our clients," he adds.

"There is a lot of demand from our institutional clients for FX trading and we're working to meet the needs of our clients by expanding our FX offerings," Nelligan says.

The Aspen program gives Rosenthal's institutional FX group a straight-through processing environment to process transactions and generate client reports. Rosenthal opted for an ASP model model for fast deployment.