UK derivatives trading software vendor Ffastfill has signed RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, to the CME FX on Reuters Application Service, which allows banks to trade CME foreign exchange spot and futures products through the Reuters Dealing 3000 system.
The London-based vendor was chosen by Reuters as the launch partner for the project in May 2004 and was responsible for building and maintaining the trade order routing service.
Ffastfill has signed nine major institutions for the service sof far, including JPMorgan Chase, HSBC, Barclays Capital, Bank of America, Royal Bank of Scotland and ABN Amro.
FFastFill's executive chairman and CEO Keith Todd says the deal with RBC Capital Markets "is another important milestone for FFastFill as we have demonstrated the benefits of our application services approach and our ability to deliver an innovative robust service for the foreign exchange community".
Earlier this month shares in Ffastfill jumped on news that it had received an approach regarding a possible offer for the business, although the market is still waiting to hear the outcome of the talks.