London-based derivates technology vendor FFastFill has launched a new US operation in a joint venture with Chicago brokerage La Salle Street Trading (LST).
FFastTrade US is 80 per cent owned by FFastFill, and 20 per cent owned by LST. It will be headed by James Oliff, president, and Tom Chlada, CEO of FFastFill.
The new company will provide order routing, multi-exchange front end, full functionality, risk management and straight-through-processing (STP) facilities, says FFastFill.
FFastTrade US' clients include professional traders at the Chicago Mercantile Exchange, the Chicago Board of Trade and the Chicago Board Options Exchange, as well as professional e-traders.
Chris Stone, CEO FFastFill, says: "We have taken the proven FFastFill system and adapted it to one of the world's great futures trading centres - Chicago - in an alliance with a very strong brokerage business there. This venture will strengthen our presence and growth potential in the USA."