Ffastfill announces LME trading win with Tullett Prebon
25 April 2012 | 1276 views | 0
FFastFill plc (LSE: FFA), the leading provider of Software as a Service ("SaaS") to the global derivatives community, is pleased to announce the signing of Tullett Prebon to its Horizon multi-broker trading network.
FFastFill is the leading supplier of SaaS to the London Metal Exchange (LME) community.
The addition of Tullett Prebon, which began trading as a category two member of the LME in 2011, takes the number of LME members using FFastFill's execution, matching & allocation, and clearing & settlement tools for the base metals market to 25.
The FFastFill solutions allow fully risk managed trading access to over sixty global venues across multiple asset classes supported by comprehensive pre-trade and post-trade validity checks including a full intra-day SPAN© calculation.
FFastFill's services are delivered from a network of fifteen global data centres offering local proximity solutions to global market participants. FFastFill's solutions for the LME trading market include many additional order types including stop limits, ghost orders and random icebergs and sophisticated tools for managing client brokerage business including averaging and straight through processing.
Hamish Purdey, CEO of FFastFill said:
"We are pleased to have been selected by Tullett Prebon to provide LME trading capabilities. This win underlines the pre-eminence of FFastFill within the LME community and justifies our investment in the market over the last ten years. The addition of Tullett Prebon to the FFastFill Horizon platform will provide FFastFill's customers with a further choice within the multi-broker network which includes many of the biggest participants in the base metals marketplace."
Andrew Polydor, Global Head of Energy, Tullett Prebon said:
"We are very excited to be working with FFastFill on this project. Our new FFastFill designed LME platform, tpMETALDEAL, will operate alongside our industry leading high touch execution facility and further deepen the suite of services we are able to offer our clients."