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FFASTFILL PLC - 24th May, 2004
Reuters & Chicago Mercantile Exchange select FFastFill & Future Dynamics to provide order routing & risk control services

Chicago Mercantile Exchange Inc (CME), the largest U.S. futures exchange, and Reuters (LSE: RTR), the global information company, have selected independent software vendors FFastFill plc and Future Dynamics Ltd to provide order execution and risk control services for their new futures trading service, called CME FX on Reuters, announced earlier today.

As the launch partners, Future Dynamics and FFastFill will independently work with banks to streamline their order flow and manage their position risk as trades are conducted from Reuters Dealing 3000 platform into the CME via exchange clearing firms. FFastFill and Future Dynamics will be involved in the development, delivery and marketing of this offering for the initial 12-month introduction phase.

Mark Robson, Global Head of Treasury and Fixed Income, Reuters, said, “We are working with FFastFill and Future Dynamics to make life simpler for our customers by providing them with an end-to-end solution for trading Spot equivalent FX onto CME..”

Future Dynamics will integrate its widely adopted order execution and risk management platform Crossfire with the Reuters Dealing 3000 product, with the service being available either via an ASP model or as client site deployed solution.

Gerald Brown, Managing Director of Future Dynamics, said, “We are very pleased to be working with CME and Reuters on this strategic project which underlines the role of technology in the global finance industry. As markets continue to converge, institutions need to offer multiple asset class products in the most convenient way; this project illustrates this fully and opens up new markets for all parties involved.”

FFastFill will use its high-speed, ASP-delivered order routing software, called FFastServe, although customers can also choose to implement the software using their in-house systems.

Keith Todd, Chairman of FFastFill, said, “This is an important milestone for FFastFill and recognition of our transformation to an Application Services company. We are proud to have been selected by Reuters and CME for this strategically important project. It provides FFastFill with an important immediate business opportunity, and also introduces the FFastFill name to the global FX market.”

“CME is pleased that FFastFill and Future Dynamics will be helping us work with our customers and provide the link between the Reuters Platform and CME,” said CME Chairman Terry Duffy. “Their deep experience in derivatives markets will be important as we begin implementation to make CME’s eFX markets available to Reuters D3000 customers.”

Notes to the Editor:

Future Dynamics
Future Dynamics is an international company of technology specialists and industry professionals with an accomplished history of service to the derivatives industry since 1992. Future Dynamics’ product suite reflects a workflow centric philosophy, which replaces manual methods and limited software applications with a more integrated, flexible and cost-saving approach. Future Dynamics offers solutions in electronic order routing, clearing management, post-trade risk administration, back office integration and business reporting. In addition, Future Dynamics underpins each product with an extensive support and systems integration capability to address the needs of each unique client.

FFastFill plc
Headquartered in London, FFastFill designs and delivers application services for trading and risk management on electronic markets. These services provide full application functionality, and save an institution the cost of investing in and maintaining its own technology infrastructure and staff department. All FFastFill’s services are delivered against a contracted Service Level Agreement (SLA) that can be tailored to the institutions business requirements. FFastFill provides these services from specialist operational centres in London and Chicago and a software development centre in Prague.

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