25 LME members now contracted with FFastFill
FFastFill plc (LSE: FFA), the leading provider of Software as
a Service ("SaaS") to the global derivatives
community, is pleased to announce the signing of Tullett
Prebon to its Horizon multi-broker trading network. FFastFill
is the leading supplier of SaaS to the London Metal Exchange
(LME) community.
The addition of Tullett Prebon, which began trading as a
category two member of the LME in 2011, takes the number of
LME members using FFastFill's execution, matching &
allocation, and clearing & settlement tools for the base
metals market to 25.
The FFastFill solutions allow fully risk managed trading
access to over sixty global venues across multiple asset
classes supported by comprehensive pre-trade and post-trade
validity checks including a full intra-day SPAN© calculation.
FFastFill's services are delivered from a network of fifteen
global data centres offering local proximity solutions to
global market participants. FFastFill's solutions for the LME
trading market include many additional order types including
stop limits, ghost orders and random icebergs and
sophisticated tools for managing client brokerage business
including averaging and straight through processing.
Hamish Purdey, CEO of FFastFill said:
"We are pleased to have been selected by Tullett Prebon
to provide LME trading capabilities. This win underlines the
pre-eminence of FFastFill within the LME community and
justifies our investment in the market over the last ten
years. The addition of Tullett Prebon to the FFastFill
Horizon platform will provide FFastFill's customers with a
further choice within the multi-broker network which includes
many of the biggest participants in the base metals
marketplace."
Andrew Polydor, Global Head of Energy, Tullett Prebon
said:
"We are very excited to be working with FFastFill on
this project. Our new FFastFill designed LME platform,
tpMETALDEAL, will operate alongside our industry leading high
touch execution facility and further deepen the suite of
services we are able to offer our clients."
For further information please contact:
FFastFill plc | +44 (0)20 3002 1900 |
Keith Todd CBE, Executive Chairman | |
Hamish Purdey, Chief Executive Officer | |
Mark Carlisle, Chief Financial Officer | |
FTI Consulting | +44 (0)20 7831 3113 |
James Melville-Ross / Matt Dixon / Emma Appleton | |
Canaccord Genuity Limited | +44 (0)20 7523 8000 |
Simon Bridges / Cameron Duncan | |
finnCap | +44 (0)20 7220 0500 |
Tom Jenkins / Marc Young |
About FFastFill
FFastFill is the leading provider of Software as a Service to the global derivatives community using 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 as part of an integrated, yet modular system architecture. FFastFill is traded on London's AIM (AIM: FFA). Further information on FFastFill is available at www.ffastfill.com. Follow us on Twitter @FFastFill.
About Tullett Prebon
Tullett Prebon (www.tullettprebon.com) is one of the world's largest inter-dealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks. The business now covers seven major product groups: Rates, Volatility, Treasury, Non Banking, Energy & Commodities, Credit and Equities. Tullett Prebon Electronic Broking offers electronic solutions to these products.
In addition to its brokerage services, Tullett Prebon offers a variety of market information services through its IDB Market Data division, Tullett Prebon Information.
Tullett Prebon has its principal offices in London, New Jersey, Hong Kong, Singapore and Tokyo, with other offices, joint ventures and affiliates in Bangkok, Frankfurt, Houston (Texas), Jakarta, Luxembourg, Madrid, Manama (Bahrain), Manila, Mumbai, New York, Paris, San Paulo, Seoul, Shanghai, Sydney, Toronto, Warsaw and Zurich.
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