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FFastFill's LME Electronic Access Sales Almost Triple in Two Years |
By Perrine Faye - Deputy Chief Correspondent,
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London, 28 July 2009 - FFastFill’s sales of electronic access to the London Metal Exchange have almost tripled in two years and continues to grow, marketing director Patrick Thornton-Smith said in an interview.
FFastFill, which offers software and services to the global derivatives community, has been providing trading and risk management services to brokers trading on LME Select, the exchange's electronic dealing platform, for almost five years.
Its first customer was Dresdner Kleinwort before the "floodgates" opened in 2006, Thornton-Smith said.
FFastfill continues to lead in LME connectivity with a third of Category I and II members, including major brokers such as Mizuho, Newedge and Icap, using its services, he said.
"We now have 13 LME members, principally Cat II, using FFastFill's services to access the electronic platform, and two more are coming on board soon," he said. "Two years ago we had just five and last year nine."
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