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FFastFill plc - 12th October, 2004
FFastFill the first accredited ASP Solution for the IPE
FFastFill continue to spearhead
IPE’s
transition to a fully electronic market
London 12th October 2004: FFastFill today announced that their ASP offering has become the first to be accredited by the IPE (International Petroleum Exchange) for direct connection to their new Redditch IT Hub. The connection will enable IPE members to access the Internet based InterchangeTM trading platform and will be particularly important when IPE's electronic-only morning trading begins on November 1.
This ultra-quick 2 Megabit connection will allow FFastFill to provide the fastest solution on the market. Traders not already connected to the IPE's online platform will be able to hook up to FFastFill ASP within 48 hours without the need for additional software installation at the client's site.
Keith Todd, FFastFill's Executive Chairman said "Having
built our industrial strength Application Service and combined
it with 24x7 Service Level Agreements, FFastFill have already
set the benchmark for the rest of the market. We are delighted
that the IPE have given us the opportunity to help them
and their customers break new ground and exploit the opportunities
of trading electronically. Our newly combined team has
once again proven themselves pioneers in the marketplace,
reducing cost of ownership and driving up expectations."
Richard Ward, CEO of the International Petroleum Exchange, commented "I
am delighted that FFastFill have made this commitment which
will greatly help our members as we make this important
transition to electronic trading."
For more information on FFastFill, please contact:
Rostron Parry - Tel: (020) 7490 8062
John Parry, Director - johnparry@rostronparry.com
FFastFill plc - Tel: (020) 7490 8062
Keith Todd, Executive Chairman
About FFastFill
FFastFill is the leading provider of application services to the global derivatives community. FFastFill services and solutions utilize the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices. FFastFill solutions encompass electronic order routing, clearing, risk management and back office reporting as part of an integrated, yet modular system architecture. FFastFill 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.
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