Source: FFastFill
Toyota Tsusho Metals Limited (TTM) the LME Category 2 member and subsidiary of the Toyota Tsusho Corporation Group has announced its full implementation of the FFastFill Eclipse post trade processing (PTP) middle and back office system.
TTM initially went live with Eclipse during 2007 for its soft commodity business activities followed by a full implementation of the Eclipse solution for its non-ferrous metals propriety and broking activities.
Bob Kelly, Finance Officer of TTM comments, "As our business has grown over the years we realised the need to implement a functionally rich and robust solution for our risk management and accounting demands. We were impressed by the commitment FFastFill had to the metals sector and we are delighted to be the first live client of Eclipse that we chose to use on a fully outsourced ASP basis."
Commenting on this news Patrick Thornton-Smith, Managing Director of FFastFill PTP adds, "TTM taking Eclipse is a major step for us as they are a highly respected member of the LME and the use of Eclipse for both their metals and soft commodity business underlines the true multi-asset benefits of Eclipse."
TTM are using Eclipse in its London office and there is the potential to roll this out to their overseas client base during 2008 as well as investigating the full FFastFill STP solution including front end electronic access to the LME Select system.