As part of its commitment to the growing freight OTC derivative sector FFastFill has today announced a new post trade processing facility for the LCH.Clearnet Enclear freight service.
Eclipse, the multi-asset, post-trade processing solution, has recently been enhanced to support the full range of EnClear OTC freight forward agreements and has gone live with a major global banking customer.
'Enhancing Eclipse to support these OTC centrally cleared agreements is not only another example of the multi-asset capabilities of the system but also to our commitment to the freight and power markets globally' says Patrick Thornton-Smith Managing Director of Post Trade Processing at FFastFill. 'Over the last few months we have added a number of OTC and listed clearing markets to the Eclipse customer base including Nord Pool, Imarex, Idex (Italian Power) and shortly OMIP (Portuguese Power) and the new Prague Commodity and Electricity Exchange in response to customer requests and as part of our strategic roadmap for Eclipse.'