FFastFill, the leading provider of modern and innovative middle office matching and allocation technology announces its readiness for clearing via the new NYSE Liffe Universal Clearing Platform (UCP). NYSE Liffe is migrating its core trade and position management functionality before the end of 2012 to a new FIXML interface including CPS messaging which will run in parallel with the current TSCS / TRAMP clearing system. UCP will provide key benefits including machine readable reports with improvements in availability and improvements in performance from the implementation of new hardware. FFastFill delivers clearing services from both its SEALS and Prysm technologies.
FFastFill’s matching and allocation system, SEALS is delivered as part of FFastFill’s Software as a Service (SaaS) platform and from a high-specification, global datacentre network allowing international institutions to run a single clearing system throughout the globe.
Multi-geographical redundancy is built into SEALS from the core and all hardware and software is scaled to meet the demands of tomorrow’s exchange volumes. Key benefits of the SaaS platform include reduced time to market, simple and straight forward set up for new clearing houses and users, fully managed upgrade processes and a highly skilled support network delivered from FFastFill’s 24 hour global support desk.
The design and architecture of SEALS allows for clearing actions to be delegated to the trading company or NCM who are able to manage their own allocation and give ups thus reducing the administrative burden on the exchange member.