This service allows FX Spot market participants using the Reuters Dealing 3000 product to trade FX Futures on the Chicago Mercantile Exchange using FFastFill’s high-speed order execution managed service.
The Beta Programme provides early access for a limited number of firms who already play a major role in the trading of FX. It is planned to make the service available to a wider market early in 2005.
Steve Martin, Clearing Manager at SEB Futures said, “As the only European based direct clearing member of the CME we are delighted to be supporting the exchange in this exciting initiative. The solution offered by FFastFill, allows swift and cost effective connectivity to our clients, and we are looking forward to working with all parties involved in this venture.”
Said Keith Todd, Executive Chairman of FFastFill, “I am delighted that we have helped to bring this exciting new service on stream so quickly. The quality of the clients who have joined the Beta Programme is a strong indication of the potential for this service.”
About FfastFill
FFastFill is the leading provider of application services to the global derivatives community. FFastFill services and solutions utilize the latest developments in technology to automate trade flow processes across a firm’s front, middle and back offices. FFastFill solutions encompass electronic order routing, clearing, risk management and back office reporting as part of an integrated, yet modular system architecture. FFastFill application services provide institutions with cost savings in their administrative and IT departments and significantly reduce or eliminate the investment costs associated with maintaining their own technology infrastructure. All of FFastFill’s services are delivered against a contracted Service Level Agreement (SLA), which can be tailored to an institution’s business requirements. This quality of delivered service has been enabled through the deployment of a uniquely engineered and totally managed software and technology infrastructure.
