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FFastFill
plc - 23rd March, 2005
FFastFill announces new application services contract with Dresdner Kleinwort Wasserstein
FFastFill plc, the leading provider of application services to the electronic trading community, announced today a new application service provision (ASP) contract with one of its leading customers, investment bank Dresdner Kleinwort Wasserstein (DrKW), to provide a complete managed service to DrKW's Listed Products Group.
DrKW's Listed Products Group provides the bank's institutional clients with a front-to-back service in all exchange-traded derivatives (ETD), incorporating the major financial, commodity and metal exchanges worldwide. Its web-based trading system GATOR (Global Access to Order Routing) offers direct market access to over twenty of the worlds leading futures and options exchanges and is powered by FFastFill.
The new contract, which runs until 2012, will provide DrKW's Listed Products Group with a highly sophisticated managed application service covering trading, pre and post trade risk management and global order tracking for futures and options on all the major European and US futures and options exchanges including: Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME), Eurex, Eurex US, Euronext.Liffe, Euronext Paris, International Petroleum Exchange (IPE), Italian Derivatives Market (IDEM) and London Metal Exchange (LME).
Commenting today, Fabian Somerville-Cotton, Director, Listed Products Group at DrKW said, "FFastFill's move to an ASP delivery provides DrKW with a cost effective and efficient method to utilise improved functionality to benefit our clients. In a very competitive market we continue to be highly satisfied with FFastFill's software and exchange connectivity solution."
Andrew Rowland, Managing Director, Global Head of Digital Markets at DrKW added, "This move further illustrates DrKW's commitment towards a continually more efficient distribution of the bank's consolidated online product suite to our clients."
Keith Todd, Executive Chairman and CEO of FFastFill said, "I am delighted that we have reached another milestone in our relationship with DrKW, one of the leading market intermediaries. FFastFill's business is built around providing excellent service quality to our customers and as a result expanding the range of services that we provide to them. DrKW is an excellent example of such a relationship and also demonstrates that our application services are now both robust and scalable, and capable of meeting the demands of the most dynamic firms."
For further information, please contact:
FFastFill plc
Keith Todd, Executive Chairman & CEO, FFastFill plc - Tel: (020) 7665 8900
John Parry, Rostron Parry - Tel: (020) 7490 8062
Andy Tan, Hansard Communications - Tel: (020) 7245 1100
Dresdner Kleinwort Wasserstein
Peter Fitzpatrick, DrKW Media Relations, London +44 (0)20 7475 3447
About FFastFill
FFastFill is a publicly owned company that designs and delivers application services for the electronic trading community. These services provide full application functionality for retail and institutional clients allowing intermediaries and their clients to manage trading and financial risk in real-time across a wide range of products and exchanges without the need to invest in technology infrastructure or staff.
FFastFill's application services are provided against a comprehensive Service level Agreement (SLA) and incorporate high levels of security, business continuity and contingency, ensuring extremely high levels of availability to the trading community. In addition, FFastFill's new generation application services have been built to ensure scalability can be delivered in a cost effective way, whilst maintaining high levels of performance.
About Dresdner Kleinwort Wasserstein
Dresdner Kleinwort Wasserstein (DrKW) is the investment bank of Dresdner Bank AG and a member of Allianz. Headquartered in London and Frankfurt and with an international network of offices, DrKW provides a range of investment bank products and services to European and international clients through its Capital Markets and Corporate Finance & Origination business lines.
Dresdner Kleinwort Wasserstein has been a FFastFill customer since 2000.
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