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FFastFill plc - 30th May, 2006
FFASTFILL SIGNS STERLING COMMODITIES TO ITS HOSTED THIRD
PARTY ISV SOLUTION
CHICAGO, May 30, 2006 – FFastFill Inc. today announced
that Sterling Commodities Corporation has contracted to
obtain its third-party front-end trading technology as a
hosted solution provided by FFastFill. The new service
will provide approximately 40 Sterling Commodities
traders with direct access to electronic exchange-traded
energy markets. FFastFill Inc. is the U.S. operation of
London-based FFastFill plc, a leading provider of
application services to the global derivatives
community.
FFastFill is able to offer Sterling rapid deployment of the
technology to all of Sterling’s traders, including numerous
remote users. FFastFill, which has already made the investment
in hardware and connectivity to the major derivatives exchanges,
will support the traders from its state-of-the-art U.S. data
center.
Said Hamish Purdey, Chief Operating Officer of
FFastFill plc: “Our flexible deployment model
enables us to bring Sterling Commodities on board very
quickly with the full range of services it desires. This
contract demonstrates our ability to offer customizable
application services to a broad range of clients – from
major investment banks to mid-size trading groups – with
the technology and cost efficiencies that can help them
achieve their business goals.”
Sterling Commodities is a New York-based futures commission
merchant.
About FFastFill
Headquartered in London, FFastFill plc (www.ffastfill.com)
is a leading provider of application services to the global derivatives
community. FFastFill’s services and solutions use the latest developments
in technology to automate trade flow processes across a firm’s front, middle and
back offices. FFastFill’s solutions encompass electronic order routing,
clearing, risk management and back-office reporting as part of an integrated,
yet modular system architecture. FFastFill’s application services provide
institutions with cost savings in their administrative and IT departments and
significantly reduce or eliminate the investment costs associated with
maintaining their own technology infrastructure. All of FFastFill’s
services are delivered against a contracted Service Level Agreement (SLA), which
can be tailored to an institution’s business requirements. This quality of
delivered service has been enabled through the deployment of a uniquely
engineered and totally managed software and technology infrastructure.For
further information, please contact:
Crystal Clear Communications (for FFastFill)
Ellen G. Resnick
773/929-9292 (o)
312/399-9295 (mobile)
eresnick@crystalclearPR.com
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