FFastFill Announcements

Contract Win with NYSE LIFFE

20 October 2008 07:00:08



RNS Number : 1607G FFastFill PLC 20 October 2008  
?
20 October, 2008

FFastFill plc

("FFastFill" or the "Company")

Contract Win
FFastFill announces new contract with NYSE LIFFE

FFastFill plc, the leading provider of application services to the electronic trading community, announces today a new application service provision ("ASP") contract with NYSE Liffe, LLC, the U.S. futures exchange of NYSE Euronext ("NYX"), to provide it with a fully managed service for FFastFill's eFills exchange 'trade fills' system.

eFills provides authorised exchange participants with a real-time view of client-specific trade data through a secure, high performance web portal. eFills offers access to trade fills, independent of a firm's trading front-end, serving as a contingency system in the event of primary connectivity interruptions or failures.

NYSE Liffe, which received Designated Contract Market ("DCM") status on August 21 and launched on September 8, 2008, provides a fully transparent, liquid market for 100 oz. gold futures; 5,000 oz. silver futures; options on gold and silver futures; and mini-sized 33.2 oz. gold and 1,000 oz. silver futures. Utilising the proven LIFFE CONNECT(R) trading platform designed and maintained by NYSE Euronext Technology, NYSE Liffe plans to introduce new products and innovative services in 2009.

Keith Todd, Executive Chairman and CEO of FFastFill said: 
 
"I am delighted to announce that we have been selected by NYSE Liffe for this service so quickly after its startup.  This is the first time we have provided a service directly to the exchange, although we have been an ISV partner on the LIFFE CONNECT(R) trading platform for many years. The eFills ASP deployment leverages our proven software and infrastructure capabilities, resulting in superior service quality and fast deployment timescales."

For further information please contact: FFastFill plc
Keith Todd, Chairman and Chief Executive Officer             +44 (0)20 7665 8930 Patrick Thornton-Smith, Director of Marketing                   +44 (0)20 7065 7542 
Financial Dynamics
James Melville-Ross / Matt Dixon / Emma Appleton          +44 (0)20 7831 3113KBC Peel Hunt (Nominated Advisor)
Oliver Scott                                                                   +44 (0)20 7418 8900

Rostron Parry                
John Parry                                                                    +44 (0)20 7490 8062
  About FFastFill
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 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.

Ends
This information is provided by RNSThe company news service from the London Stock Exchange  END  CNTUBRNRWKRRAAA

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.