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FFastFill plc - 16th November 2007
Triland selects FFastFill to supply its new online trading service
Triland Metals Limited (“Triland”) today announced that it has chosen FFastFill to supply its LME Trading Application Service. This will enable customers to trade online from their own desktops as well as accessing the traditional methods of telephone and ring dealing.
Martin Pratt, Chief Operating Officer at Triland, said “The introduction of electronic trading further complements the wide range of services offered by Triland to our customers. Over time, we have seen an increasing demand from our customer base to provide electronic access. The implementation of a trading platform reflects our ability to react to such demands and is in line with Triland's core values to constantly monitor and broaden the services and products that we offer.”
FFastFill's solution was chosen because it offers the functionality that best matches Triland's customer requirements. FFastFill Executive Chairman and CEO, Keith Todd said: ‘FFastFill is delighted that it has been selected by Triland to deliver this Application Service. This is the first project we have undertaken for Triland and we are looking forward to building on this to deliver other application services in the future. It further demonstrates the strength of the FFastFill offerings for LME traders and consolidates our position as the leading provider of electronic trading services to London Metal Exchange members.'
About Triland Metals
Triland Metals is a broker and market-maker, specialising in the futures trading of non-ferrous metals. It has been a Category 1 Ring Dealing Member of the London Metal Exchange since 1972 and is a wholly owned subsidiary of Mitsubishi Corporation (MC). In addition to market making, Triland provides customers with pricing for options and average price contracts along with a comprehensive metal warrant service.
www.triland.com
About Mitsubishi Corporation
Mitsubishi Corporation is Japan 's largest general trading company with over 200 bases of operation in approximately 80 countries worldwide. With over 500 group companies, MC employs a multinational workforce of near to 54,000 people and engages in business in virtually every industry including metals, energy, machinery, chemicals, food and general merchandise.
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 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.
For further information please contact:
Martin Pratt
Chief Operating Officer
Triland Metals
+ 44 (0)20 7061 5542
Keith Todd
Chairman and Chief Executive Officer
FFastFill UK Limited
+44 (0)20 7665 8930
John Parry
Rostron Parry
+44 (0)20 7490 8062
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