FFastFill plc, the leading provider of application services to the electronic trading community, announced today a new application service provision (ASP) contract with one of its leading customers, investment bank Dresdner Kleinwort Wasserstein (DrKW), to provide a complete managed service to DrKW's Listed Products Group.
DrKW's Listed Products Group provides the bank's institutional clients with a front-to-back service in all exchange-traded derivatives (ETD), incorporating the major financial, commodity and metal exchanges worldwide. Its web-based trading system GATOR (Global Access to Order Routing) offers direct market access to over twenty of the worlds leading futures and options exchanges and is powered by FFastFill.
The new contract, which runs until 2012, will provide DrKW's Listed Products Group with a highly sophisticated managed application service covering trading, pre and post trade risk management and global order tracking for futures and options on all the major European and US futures and options exchanges including: Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME), Eurex, Eurex US, Euronext.Liffe, Euronext Paris, International Petroleum Exchange (IPE), Italian Derivatives Market (IDEM) and London Metal Exchange (LME).
Commenting today, Fabian Somerville-Cotton, Director, Listed Products Group at DrKW said, "FFastFill's move to an ASP delivery provides DrKW with a cost effective and efficient method to utilise improved functionality to benefit our clients. In a very competitive market we continue to be highly satisfied with FFastFill's software and exchange connectivity solution."
Andrew Rowland, Managing Director, Global Head of Digital Markets at DrKW added, "This move further illustrates DrKW's commitment towards a continually more efficient distribution of the bank’s consolidated online product suite to our clients."
Keith Todd, Executive Chairman and CEO of FFastFill said, "I am delighted that we have reached another milestone in our relationship with DrKW, one of the leading market intermediaries. FFastFill's business is built around providing excellent service quality to our customers and as a result expanding the range of services that we provide to them. DrKW is an excellent example of such a relationship and also demonstrates that our application services are now both robust and scalable, and capable of meeting the demands of the most dynamic firms."