Refco PRO Trading Application Now Available In London

Refco Easy Solutions, a supplier of technology to the REFCO PRO futures trading application, said it has launched a full production version of REFCO PRO from London to support its European clients. REFCO PRO is already in use in the

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Refco Easy Solutions, a supplier of technology to the REFCO PRO futures trading application, said it has launched a full production version of REFCO PRO from London to support its European clients.

REFCO PRO is already in use in the U.S., Singapore, Russia, Lebanon, Hong Kong and Korea, with customers using REFCO PRO’s speed and functionality to trade electronic futures markets worldwide.

REFCO PRO is an innovative electronic trading application which provides access to the world’s largest electronic futures exchanges and incorporates the most advanced features of trade entry, market monitoring and risk management into a single smart trading front end for professional traders, the company said.

“Providing REFCO PRO to our European client base was anticipated from the start,” said William M. Sexton, CEO of Refco Easy Solutions LLC and Executive Vice President and Chief Operating Officer of REFCO. “As the market grows for electronic exchange traded products, we will continue to provide scalable, reliable and efficient solutions for our customers.”

In the U.S., REFCO PRO has seen tremendous growth with rapid and increasing usage of REFCO PRO during the 1st quarter 2004. There have been significant gains in the number of active users and a large increase in the volume of business transacted on REFCO PRO.

The expectation is that customer and transaction volumes will increase in the coming months due to availability of the application throughout Europe, the company said.

Moreover, future enhancements to REFCO PRO include access to “open outcry” products on the CME, CBOT, NYMEX, COMEX, NYBOT as well as additional exchange connectivity to Singapore and Sydney, the company said.

The London installation is the same enhanced version of REFCO PRO that was released in the U.S. last October, the company said.

REFCO customers in Europe can now benefit from the reliability and functionality of REFCO PRO already deployed in other global locations, the company said. European customers will now have global connectivity to the e-CBOT, GLOBEX, EUREX, EUREX U.S., Euronext Paris (MATIF), Euronext Parik (Monep),Euronext LIFFE, and the Montreal Exchange.

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