FFastFill plc, the leading provider of application services to the derivatives community, today announced that it had signed a contract with TRX Futures Ltd (TRX) for the provision of its fully managed electronic trading application services.
TRX Futures serves as a commission house to industry, origin, trade, and fund customers. A clearing member of LIFFE, TRX operates extensively within the commodity and financial derivatives markets. TRX has been a customer of both Future Dynamics, which was acquired by FFastFill in 2004, and more recently of FFastFill since 2000, and has made extensive use of the Crossfire front-end trading system in the successful growth of its business.
The new contract, which will be live before the end of the year, will provide TRX with a fully managed electronic trading service for up to 30 users trading on Euronext.Liffe, using FFastFill's own trading software.
Keith Todd, Executive Chairman and CEO of FFastFill commented, "I am delighted that TRX have decided to become a user of our fully managed application services. When committed Crossfire customers feel confident to take up our new services I know that the integration of FFastFill and Future Dynamics has genuinely been successful. We look forward to strengthening our relationship with TRX further in the future."