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FFastFill plc - 27th May, 2008 FFastFill re-signs FuturesBetting.com following its acquisition by London Capital Group
FFastFill, the leading application service provider for the electronic trading community, is delighted to announce that its contract to provide the spread betting platform for FuturesBetting.com, the Gibraltar based financial spread betting business, has been renewed. This follows the acquisition of FuturesBetting.com by London Capital Group Holdings plc (“LCG”) announced on 27 May 2008.
FFastFill has supplied the direct market access (“DMA”) spread betting platform to FuturesBetting.com since March 2005 and LCG reviewed the relationship and system as part of its acquisition due diligence. FFastFill provides FuturesBetting.com with trade execution and risk management software and 24 hour technical support.
LCG is a rapidly growing financial services company offering online trading services. Its core activity is the provision of spread betting products on the financial markets to retail clients under the trading name Capital Spreads.
Keith Todd, Chairman & CEO of FFastFill, said: “We are delighted that LCG has endorsed the quality and flexibility of our direct market access spread betting platform which we provide for FuturesBetting.com. We are hopeful this will lead to other opportunities for FFastFill and LGC to work together.”
Frank Chapman, CEO of London Capital Group Holdings plc, said : “ We have always greatly admired the quality of the FuturesBetting.com spread betting platform and are delighted to have the opportunity to acquire the business. FuturesBetting.com's professional investor client base will naturally complement Capital Spreads, our existing spread betting division.”
For further information please contact:
Keith Todd
Chairman and Chief Executive Officer
FFastFill plc
+44 (0)20 7665 8930
Patrick Thornton-Smith
Director of Marketing
FFastFill
+44 (0)20 7065 7542
John Parry
Rostron Parry
+44 (0)20 7490 8062
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 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.
FFastFill recently announced that it is acquiring Exchange Technology Pty Ltd, a company supplying middle office software to the financial community in the Asia Pacific region.
About London Capital Group
London Capital Group Holdings plc is a rapidly growing financial services company offering online trading services. Its core activity is the provision of spread betting products on the financial markets to retail clients under the trading name Capital Spreads. Its other divisions provide online foreign exchange trading services to institutional and intermediate clients under the Capital Forex brand and institutional derivatives and equities broking under the name Capital Derivatives. Based in London , LCG is regulated and authorised by the Financial Services Authority, has a European passport and is a member of the London Stock Exchange.
About FuturesBetting.com
Launched in 2005, FuturesBetting.com provides experienced traders with a professional platform that offers fast and reliable spread betting execution on major indices, currencies and commodities. The platform is particularly popular with individual professional traders as it offers unique DMA (Direct Market Access) functionality which is unavailable on other spread betting platforms.
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