|
back to main menu
FFASTFILL PLC
- 3rd December, 2003
FFastFill launches new SLA-backed Application Service - FFastServeOrder management breakthrough for online markets
FFastFill has launched the first resilient application service
for online futures and options markets. The new service, known
as FFastServe offers exchange intermediaries the facility to
outsource core areas of their order management technology./p>
The new contracted service delivers on the commitment FFastFill
made a year ago - to radically transform the delivery of
connectivity and software services to intermediaries. FFastServe
provides:
- An integrated trading and risk management service
- Fully managed exchange connectivity
- Unmatched monthly pricing levels starting at £550
per user
- Rapid deployment
FFastServe will initially be available throughout Europe delivered
out of FFastFill's UK service centres. However, the ASP model
means it can be delivered to clients anywhere in the world.
FFastFill also intends to provide the same service into the
US market via a service centre in the Chicago area.
Said Nigel Hartnell, Director of Business Development "Whilst
our initial marketing focus is on London, we are planning
to offer this service progressively into other world markets
to meet the global requirements of our customers."
One of the major benefits of FFastServe is that it offers
a service level agreement, which is backed up contractually,
which reflects the real requirements of the trading and broking
community in terms of performance, availability and security.
Thus intermediaries no longer need to host their own in-house
exchange-trading connectivity and functionality.
Consequently, a further major advantage is cost. Because
of its design, the service can be scaled to support anything
from one to hundreds of users. In addition the service can
scale to support large numbers of exchanges and sites (such
as satellite offices, disaster recovery sites and third party
client sites). This means that all the technology infrastructure
costs can be shared amongst a large number of users, thus
dramatically reducing the cost per user.
This new service FFastServe, is based on two unique FFastFill
capabilities. The first is the high performance FFastConnect
exchange connectivity and managed service platform, which
has been operating successfully for some months now.
The second is the robustness of the software, both the most
recent releases, and the new re-architected software which
FFastFill has been developing in its Prague development centre
over the past 12 months. This new, scalable software has
been designed from the beginning to operate in a multi-customer
service environment, and all of FFastFill's considerable
experience in managing high performance IT and network infrastructure
has been carried over into the design of the software.
As John Elmore Director of Technology and Operations said "I'm
delighted that with this service we are able, for the very
first time, to bring the experience that has been gained
in mature industries such as the defence and telecommunications
sectors to meet the exacting requirements of the financial
markets."
Keith Todd, chairman of FFastFill says "Outsourcing is
the hot topic in the industry, and it is the delivery of specialist
managed services, like FFastServe, that provides customers
with the benefits of high performance and low cost. We believe
that at our standard user charge of £550 per month for
a full trading technology service on the Eurex and Euronext.liffe
markets, we are setting a new pricing benchmark for the industry.
We fully expect FFastServe to become the brand leader in our
product offering in the foreseeable future."
For further information, please contact:
FFastFill plc - Tel: (020) 7665 8900
Keith Todd, Executive Chairman
Nigel Hartnell, Business Development Director
Rostron Parry - Tel: (020) 7490 8062
John Parry/Lynda Hall
back to main menu
|
