FFastFill is the leading SaaS Provider for trading and risk management serving the electronic trading community.

Cheviot Asset Management, one of the UK 's fastest growing private wealth management businesses, has selected FFastFill's Eclipse for its new back office system. Cheviot will use Eclipse as a fully managed service delivered from FFastFill's European data centres.

Paul Barnacle, Cheviot's Head of Operations, commented: “Following the rapid growth of our Alternative Investments business, we are delighted to have a back office system that can keep pace with our ever growing needs and can support the wide range of investment strategies required to meet our clients objectives.”

Patrick Thornton-Smith, Managing Director of FFastFill PTP, commented: “We are delighted to welcome Cheviot Asset Management as a customer and look forward to a long working relationship with them.”

About Cheviot Asset Management

Cheviot is among the UK 's largest independently owned discretionary investment firms. Relaunched in 2006, it is the fastest growing wealth management firm in the UK , with £2.5 billion in assets under management.

Cheviot provides independent, high quality advice to its clients, providing them with tailored solutions. Its clients include private clients, trusts, charities and pension funds. Cheviot is structured as an independent partnership allowing Investment Directors freedom to build portfolios tailored to the individual needs of each client. They choose from among the best and most suitable investments from anywhere in the world to meet a client's objective, whether their priority is growth or capital preservation.

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 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 recently acquired Exchange Systems Technology Ltd, a company supplying back office (Post Trade Processing) systems to the financial markets.

For further information please contact:

Keith Todd
Chairman and Chief Executive Officer, FFastFill plc
+44 (0)20 7665 8930

Patrick Thornton-Smith
Managing Director FFastFill PTP
+44 (0)20 7065 7542

John Parry
Rostron Parry
+44 (0)20 7490 8062