London-based FFastFill has won an order for the development of an integrated straight-through processing solution from an anonymous major intermediary on electronic exchanges around the world.
The new project will engineer the integration of existing client applications, legacy and new, to allow straight through processing of transaction, risk management, clearing and margining data between front, middle and back office systems.
A confidentiality agreement between the client and FFastFill precludes details of the project being released until completion, expected in the next few months.
FFastFill says it will retain the intellectual property rights and believes that a significant resale opportunity exists for the generic product. The project is the company's first bespoke development deal.