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FFastFill plc - 15th November 2007

LANDSBANKI GO LIVE WITH FFASTFILL POST TRADE PROCESSING FOR BOTH DERIVATIVES AND EQUITIES

Landsbanki the Full Service European Corporate Bank has recently gone live with FFastFill Post Trade Processing's (PTP) Eclipse and SAM applications to service its CFD and Equity business lines.

Director of Operations at Landsbanki London; Bupa Gandhi comments “Building on our strong foundation in Iceland, Landsbanki is aggressively extending its financial operations into new markets and we chose FFastFill Post Trade Processing as the best technical and functional solution in this space. Their ability to meet our ambitious deadlines has been impressive”

“We are very pleased to have been selected by Landsbanki for this project and have once again proved that our multi-asset full service hosted solutions can be implemented in weeks not months ensuring our customers can enable fast and effective growth taking advantage of our new technologies and the inherent cost saving and revenue generating benefits that accrue”, said Patrick Thornton-Smith, Managing Director at FFastFill PTP.

Bupa Gandhi concludes, “Working with the right partner to support the Banks growing product line is vital for us and FFastFill PTP have already proved that our selection of both Eclipse and SAM was the correct one.”

About FFastFill

FFastFill is the 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 (FFastFill Post Trade Processing (PTP) as part of 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. FFastFill recently acquired Exchange Systems Technology Ltd a company supplying back office (Post Trade Processing) systems to the financial markets.

www.ffastfill.com

 

About Landsbanki

Landsbanki builds on its strong banking brand in Iceland to provide small and medium sized corporates in Europe with comprehensive corporate and investment banking services through local representation.

www.landsbanki.co.uk


For further information please contact :

FFastFill plc
Keith Todd
Chairman & CEO
+44 (0) 207665 8900

Patrick Thornton-Smith
Managing Director FFastFill PTP
+44 (0)207 065 7550

Landsbanki
Bupa Gandhi
+44(0)20 7866 5081
bupa.gandhi@landsbanki.is

Rostron Parry
John Parry
+44 (0) 207 7490 8062


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