FFastFill is the leading SaaS Provider for trading and risk management serving the electronic trading community.

FFastFill launches new STP service for LME Select
Monday, 13 October 2008 01:00

FFastFill has today formally launched LME Trade Capture, a service designed to automate the Straight Through Processing flow of price and transaction data between the front and middle offices for LME Category 1 and 2 members.

FFastFill is building on its position as the leading provider of front end (i.e. execution) trading technology to LME Select users to leverage the additional functionality in LME Select vers6, which will be introduced on November 3rd, to offer members the LME Trade Capture Service (TCS).

The new service from FFastFill will provide a matching feed of trade identity codes and clearing identity codes, thus enabling genuine straight through processing between the execution front end and the clearing/risk management middle office.

Delivered either as a file feed or a live database link, FFastFill LME TCS will allow firms to match trades seamlessly between front and middle office, whether traded on FFastFill's Select service or not. In this context it minimizes administration disruptions and cost from unmatched client/trader ID data and enhances accurate position control and effective, prompt, risk management.


About FFastFill

FFastFill has for some time been the leading provider of exchange trading and risk management services to brokers trading on LME Select, the exchange's electronic dealing platform.

Additionally FFastFill is the leading provider of application services to the global derivatives community. FFastFill's services and solutions use the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices. FFastFill's solutions encompass electronic order routing, clearing, risk management and back office reporting as part of an integrated, yet modular system architecture. FFastFill's 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.

FFastFill plc is an independent company traded on the London Stock Exchange's AIM market. Ticker: FFA.

 

For further information please contact:

Patrick Thornton-Smith
Director of Marketing
FFastFill
+44 (0)20 7065 7542

John Parry
Rostron Parry
+44 (0)20 7490 8062