FFastFill Announces Dubai Mercantile Exchange Connectivity

FFastFill announced today that it has successfully completed conformance processing and now offers full connectivity to the Dubai Mercantile Exchange, the premier international energy futures and commodities exchange in the Middle East .

For FFastFill users, which include many of the largest brokerages and trading houses in international commodities trading, Dubai connectivity will now be accessible via FFastFill's advanced application service. 

FFastFill's Executive Chairman and CEO Keith Todd said: "There is no question that energy markets are going to be in everyone's sights in 2008 and the Gulf region is the mainspring for global oil markets. This industry is increasingly demanding much faster access to markets and our ASP service to Dubai complements our established connectivity to Nymex and ICE.”

Gary King, Chief Executive Officer of the DME, commented: “As we continue to expand our global customer base, we are delighted that FFastFill users will now have full connectivity to the DME. Our Oman Crude Oil Futures Contract is firmly establishing itself as the benchmark for pricing Middle East sour crude, creating greater price transparency and enabling our customers to better manage their risk. 

“Facilitating even greater access to the DME's electronic trading platform will further reinforce the remarkable progress that we have made since launching the Exchange just six months ago, with record trading volumes, open interest and physical delivery of contracts.”

About FFastFill
FFastFill is the leading provider of application services to the global derivatives community. FFastFill's services and solutions use the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices. FFastFill's solutions encompass electronic order routing, clearing, risk management and back office reporting as part of an integrated, yet modular system architecture. FFastFill's 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.

 FFastFill plc is an independent company traded on the London Stock Exchange's AIM market. Ticker: FFA.

About Dubai Mercantile Exchange:
The Dubai Mercantile Exchange Limited (DME), a joint venture between the New York Mercantile Exchange, Inc. (NYMEX), Tatweer, a member of Dubai Holding, and the Oman Investment Fund (OIF), is the premier international energy futures and commodities exchange in the Middle East, providing a financially secure, well-regulated and transparent trading environment.

The Exchange has developed and trades the Oman Crude Oil Futures Contract, addressing the growing market need for price discovery of Middle East Sour Crude Oil while simultaneously bridging the time-zone gap between Europe and Asia by providing for the trading of energy futures, options and other products.

The DME is a fully electronic exchange. However, in a unique concept, it also brings together a community of traders who will operate from trading hubs and individual trading stations on the Exchange's floor, which is located within the Dubai International Financial Centre (DIFC), the region's leading financial services centre.

The DME is authorised and regulated by the Dubai Financial Services Authority (DFSA), a world class, independent regulator, and all trades executed on the Exchange are cleared through, and guaranteed by, NYMEX's AA+ rated clearinghouse which is licensed as a Recognised Body by the DFSA.

For further information, please contact:

FFastFill plc - KeithTodd , Executive Chairman - +44 (0)20 7665 8900
Dubai Mercantile Exchange : Jerald David - +971 4365 5533

Rostron Parry : John Parry - +44 (0)20 7490 8062 (media enquiries)


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