FFastFill, the leading application service provider for the electronic trading community, is delighted to announce that its contract to provide the spread betting platform for FuturesBetting.com, the Gibraltar based financial spread betting business, has been renewed.
This follows the acquisition of FuturesBetting.com by London Capital Group Holdings plc ("LCG") announced on 27 May 2008.
FFastFill has supplied the direct market access ("DMA") spread betting platform to FuturesBetting.com since March 2005 and LCG reviewed the relationship and system as part of its acquisition due diligence. FFastFill provides FuturesBetting.com with trade execution and risk management software and 24 hour technical support.
LCG is a rapidly growing financial services company offering online trading services. Its core activity is the provision of spread betting products on the financial markets to retail clients under the trading name Capital Spreads.
Keith Todd, Chairman & CEO of FFastFill, said: "We are delighted that LCG has endorsed the quality and flexibility of our direct market access spread betting platform which we provide for FuturesBetting.com. We are hopeful this will lead to other opportunities for FFastFill and LGC to work together."
Frank Chapman, CEO of London Capital Group Holdings plc, said: "We have always greatly admired the quality of the FuturesBetting.com spread betting platform and are delighted to have the opportunity to acquire the business. FuturesBetting.com's professional investor client base will naturally complement Capital Spreads, our existing spread betting division."