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FFastFill
plc - 6th April, 2005
FFastFill's new customer win
FFastFill plc, the leading provider of application services to the electronic trading community, is pleased to announce a contract with a new customer: KBC Clearing.
KBC Clearing has contracted with FFastFill for the delivery of its middle office clearing application "Viewpoint". This application, which was acquired by FFastFill as part of its acquisition of Future Dynamics in 2004, is a key part of FFastFill's application portfolio covering front and middle office, and is a core element in the integrated service roadmap which FFastFill published last year.
KBC Clearing, having its office in Amsterdam will initially use Viewpoint for the post trade processing of Liffe and Euronext Amsterdam, Brussels and Paris trades.
Keith Todd, Executive Chairman and CEO of FFastFill, said, "I am delighted that KBC Clearing have joined the growing list of FFastFill customers. This contract demonstrates the strength of FFastFill's commitment to the range of middle office products which we acquired last year and which we will be offering as an application service later this year. We continue to believe that our strategy which comprises delivering applications as a service, providing a complete front through back office functionality and supporting our customers through a focus on operational excellence, is one that will continue to find favour with both existing and new customers."
For further information, please contact:
FFastFill plc
Keith Todd, Executive Chairman & CEO, FFastFill plc - Tel: (020) 7665 8900
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.
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