FFastFill plans full access to new LME swap contracts

Source: FFastFill

FFastFill, the leading provider of Software as a Service (SaaS) to the LME marketplace, plans to provide full access to the new London Metal Exchange (LME) electronically traded swap contacts, as well as the ability for trade booking and downstream clearing.

As announced by the LME, the new Non-ferrous Swap contracts will be available for trading from 23 January 2012.

The new cash-settled monthly swap contracts will have prompt dates out to 63 months and will settle on the last business day of the prompt month. The average-price contracts are the first of their type to be traded on-exchange in the world and are designed specifically for participants of the physical industry who need to hedge the monthly average price.

Caroline Davis, Managing Director Business Development at FFastFill said "At FFastFill we are always keen to support new exchange initiatives. The flexibility of the FFastFill infrastructure allows us to do this simply and quickly, providing a full service to the 23 Category 1 and 2 members who utilise the FFastFill product suite across execution, matching and clearing & settlement." 

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