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FFASTFILL PLC
- 16th September, 2003
FFastFill first with LME Select order routing system
FFastFill, the leading provider of application services for trading and risk
management in electronic markets, is the first to offer an electronic order
routing system to the London Metal Exchange's electronic trading platform,
LME Select. The new system will allow clients of LME members to access LME
Select electronically.
The LME is the world's premier non-ferrous metals market. It currently operates
as a ring dealing (open outcry) and telephone market with Select as its electronic
trading facility. Select is currently being re-engineered and will be enhanced
later this year with a new matching and registration system built by Cinnober
Financial technology.
Electronic order routing enables market users to access the LME directly. The
benefits for clients include:
- faster, more direct and more transparent pricing
- lower execution costs
- more control of entry/exit operations
FFastFill is delighted that one of its major customers, Dresdner Kleinwort Wasserstein
(DrKW) has already launched a service based on this new capability and expects
that many other brokers will take up this facility over the coming months.
Nigel Hartnell, director of FFastFill, said "FFastFill sees this development
as an important addition to its already wide range of exchange connectivity.
FFastFill fully intends to expand its breadth of connectivity even further and
will provide clients with connectivity to the LME's new Cinnober system as soon
as it is available later this year."
For further information, please contact:
Rostron Parry - Tel: (020) 7490 8062
John Parry/Lynda Babbs
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