FFastFill signs seventh firm to CME FX on Reuters service
30 January 2006 | 1404 views | 0
FFastFill Plc (FFastFill or the Company) has signed its seventh customer to provide foreign exchange (FX) traders with access to FFastFill's Application Service for the Chicago Mercantile Exchange (CME) FX on Reuters.
Since FFastFill was chosen by Reuters as the launch partner for this project in May 2004, the Company has been responsible for building and maintaining a trade order routing service that enables traders using Reuters Dealing 3000 to also execute CME's FX futures contracts. This service gives Reuters Dealing 3000 users direct access to CME's FX futures, enhancing the ability to seamlessly trade FX spot and futures products.
FFastFill has now signed seven major institutions for this service, including HSBC, Barclays Capital, Bank of America, Royal Bank of Scotland, JP Morgan, ABN AMRO and Merrill Lynch. To take advantage of this foreign exchange market opportunity, these CME clearing members are able to not only support their internal trading teams but also offer a service to non-clearing member firms that use the Reuters Dealing 3000 platform. FFastFill's approach as an Application Service Provider (ASP) offers participants easy implementation, efficiency and flexibility, allowing firms to increase their trading capabilities.