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AIM-TO Contracts for FFastFill’s MarginClick |
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Friday, 10 April 2009 01:00 |
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FFastFill plc, the international supplier of multi-asset technology services announces the signing of a contract for MarginClick with AIM-TO, a New York area company based financial services technology outsourcing firm.
AIM-TO was looking for a margin engine to integrate into their new product VerusHedge for Futures - which helps CTA’s and hedge funds manage the complex issues created by using multiple prime brokers.
Stephen Casner CEO at AIM-TO comments, "We had already developed a strong reconciliation and P&L system for futures traders but needed to add margining functionality. Having decided to buy and not build a margin engine we undertook a review of the market place and decided on MarginClick. In addition to the extensive coverage of global risk based derivatives algorithms we have found the integration into our own technologies to be seamless. It has been so successful we are currently expanding the integration of MarginClick to our entire suite of VerusHedge post trade management and risk products".
"We are looking forward to working with AIM-TO in the future to co-operate and collaborate to deliver more services into the hedge fund community as it seeks to find new technologies to improve operational efficiency and enhanced risk management" , added Patrick Thornton-Smith, MD of Post Trade Processing at FFastFill.
About AIM-TO AIM-TO is a New York based firm that delivers technology based services to hedge funds and financial services firms to reduce and control costs, analyze position risk and manage compliance through a group of products - HedgeSpend, VerusHedge and VerusHedge for Futures.
www.aim-to.com
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.
www.ffastfill.com
For further information please contact:
Keith Todd Executive Chairman FFastFill +44 (0)20 7665 8930
Patrick Thornton-Smith Group Marketing Director FFastFill +44 (0)20 7065 7542
John Parry Rostron Parry +44 (0)20 7490 8062
Matt Dixon / Emma Appleton Financial Dynamics +44 (0)20 7269 7214
Stephen Casner CEO AIM-TO Inc 001 201 377
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