CIF to launch screen-based FFA facility
Shareholders of C.I.F. Limited, the new company formed by Clarksons, Ifchor and FIS, the founding fathers of the modern FFA market, announced today that the live launch of their screen-based FFA facility is to take place at the end of May 2006 after considerable development work.
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The multi-broker screen trading platform is the first of its type within any OTC market and will launch using bespoke Trayport technology. With broad knowledge, significant market share and pioneering technology, the three brokers and their pools of liquidity behind one screen gives the FFA market the central hub for trading and a cornerstone for growth.
Spectron will perform the role of overall market operator for the screen. With a solid reputation and extensive experience in the running of systems in high volume market places, Spectron provides the neutral, independent and confidential operator that this sophisticated market will require. Drawing on Spectron's knowledge and experience in providing creative market solutions will ensure that CIF remains at the forefront of trading technology.