FFastFill Announcements

RNS Number : 3433H FFastFill PLC 04 November 2008  
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4 November 2008

FFastFill plc

("FFastFill" or the "Company")

Contract Win
MF upgrades retail foreign exchange service with FFastFill

FFastFill plc, a leading provider of application services to the electronic financial community announces it is upgrading MF Global UK's foreign exchange trading platform from the existing Crossfire system to FFastFill's new FFastFill FX platform. MF Global UK will launch the upgrade with 21 interbank-derived currency pairs using the fully risk managed application for retail FX trading. 

This new FX service now enables MF to benefit from a highly cost effective hosted Straight Through Processing ("STP") solution.

Keith Todd, Executive Chairman and CEO of FFastFill said: 

"We are extremely pleased with the transition of MF Global UK from Crossfire to FFastFill FX, which allows them greatly increased market access, functionality and the benefit of the fully hosted solution. Adding FX to our product range further strengthens our multi-asset and hosted Software as a Service (SaaS) strategies"

FFastFill's coverage of FX extends across the trade cycle from front end to back office. Its risk management functionality includes fully flexible pre and post trade risk management.  These allow brokers to pre-set parameters which define client access to markets ("pre-trade") and monitor and control subsequent investment risk arising from price movements ("post trade").  

Its multi-asset back office system has been processing FX for a number of years and recently added a number of new features. Its front end, called TradingPro, now covers spot, forward, margin and deferred FX deals, with the latter providing a CFD 'look alike' that is increasingly popular with retail, institutional clients and proprietary trading desks. The system has also developed new client statements which are delivered electronically. 
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.

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