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

FFastFill plc and WTD Consulting, Inc partner to deliver OTC US back-office Clearing platform
Wednesday, 29 June 2011 00:00

 

FFastFill plc (AIM: FFA), the leading provider of Software as a Service (“SaaS”) to the global derivatives community, and WTD Consulting, Inc. a Chicago-based technology consulting and software solutions firm, today announced a strategic partnership to deliver FFastFill’s Eclipse post-trade-processing platform for OTC instruments to the US market.

The partnership with WTD Consulting follows several successful geographic market entries for Eclipse across Europe and Asia and will leverage the operational strengths and geographic presence of both companies. WTD will provide consulting, business analysis, project management and systems migration to support the delivery of FFastFill’s Eclipse platform to brokers and FCMs across multiple asset classes in the US.

Hamish Purdey, CEO of FFastFill, said, “The decision to partner WTD in the US was made in response to the increasing customer demand for an alternative to legacy systems there.  WTD has deep domain expertise and established success of systems integration projects and its reputation in the US for middle and back-office business analysis, project management and system conversions is unparalleled.  They are a strong complement to FFastFill’s core capabilities in post-trade-processing solutions and software-as-a-service delivery.”

David Evans, CEO of WTD Consulting, said, “The changing regulatory requirements in the US and the industry shift towards central counterparty clearing of OTC derivatives  require firms to reassess their back-office technology strategy.  We are impressed with the modern technology and flexible architecture of FFastFill’s Eclipse platform and we can see clearly how US firms will benefit from this.”

 

For further information please contact:


FFastFill plc

+44 (0)20 3002 1900

Keith Todd, Executive Chairman
Hamish Purdey, Chief Executive Officer
Mark Carlisle, Chief Financial Officer

 



 

FD

+44 (0)20 7831 3113

James Melville-Ross
Matt Dixon
Emma Appleton

 



 

Canaccord Genuity

+44 (0)20 7050 6500

Simon Bridges
Filip Bavenholm

 



 

finnCap

+44 (0)20 7600 1658

Tom Jenkins
Charles Cunningham

 


About FFastFill

FFastFill is the leading provider of Software as a Service to the global derivatives community with using 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 is traded on London’s AIM (AIM: FFA)


About FFastFill’s Eclipse
The Eclipse product offers  an integrated platform for multi-asset processing as well as "best of breed" niche products, including CFD, Metals, Equities, Forex, Swaps, Bonds, Listed and OTC Derivative and Global Margining solutions. Consisting of software modules which can be tailored to specific requirements and pieced together to provide the comprehensive functionality required in the complex world of global clearing and settlement, Eclipse breaks the mold of overnight “T+1” batch processing and silo-based legacy systems.


About WTD Consulting
WTD provides a full range of data-management programs, system consulting, and development services for the front, middle and back office to the US brokerage and FCM community. WTD counts among its clients many of the leaders in the financial-services industry and its brand is highly regarded by them. The expertise of WTD includes more than five decades of combined experience with the technologies that are unique to futures, options, and securities-account management.