LONDON, Oct. 3, 2012
/PRNewswire/ -- FFastFill plc (LSE: FFA), the leading provider of
Software as a Service ("SaaS") to the global derivates community,
is pleased to announce an extension of its contract with BGC
Partners ("BGC") to include the global deployment of
FFastFill's execution platform, which incorporates the Horizon
Multi-Broker Network, across BGC's current international brokerage
offices. The deal extends FFastFill's role within BGC Partners from
an initial presence in selected locations to full worldwide market
presence.
Effective immediately, FFastFill Horizon will be integrated
within BGC's platform, enabling multi-broker support to fulfil
BGC's execution requirements. Horizon will provide BGC with a cost
effective, low latency route to FFastFill's full range of more than
60 trading venues worldwide. Focusing on futures and options
trading, Horizon also handles complex block trades and provides the
ability for full real time pre and post risk management
capabilities.
Hamish Purdey, Chief
Executive, FFastFill said:
"FFastFill is delighted to have achieved this contract to
work with BGC Partners on a global basis. This deal is a
validation of the quality of the FFastFill execution capabilities.
Horizon provides unrivalled flexibility between institutions,
brokers and their clients, enabling BGC's fast and cost-efficient
business development and execution and the FFastFill team is
looking forward to working with BGC to ensure swift global
deployment."
Jean-Pierre Aubin, Executive
Managing Director, Global Head of Listed Products and General
Manager of Continental Europe at BGC Partners said:
"As a leading global brokerage company, BGC
Partners requires flexible multi-brokerage, multi-client,
multi-exchange connectivity matched by fast and efficient
execution. We believe FFastFill's cost efficient, low latency
execution platform offers a compelling value proposition and we
recognised clear advantages to extending our commercial
relationship with FFastFill."
About FFastFill
FFastFill is the leading provider of Software as a Service to
the global derivatives community 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).
Further information on FFastFill is available at www.ffastfill.com.
Follow us on Twitter @FFastFill.
FFastFill Horizon is a multi-broker network which enables
trading companies, without direct memberships, to access over sixty
international trading venues via other member firms on the low
latency FFastFill network.
About BGC Partners
BGC Partners, Inc., a leading global brokerage company primarily
servicing the wholesale financial and property markets, has over
7,000 employees in New York,
London and dozens of cities around
the world, and conducts over $200
trillion in financial transactions for customers annually.
BGC offers customers over 220 products, including commercial real
estate, fixed income securities, interest rate swaps, foreign
exchange, equities, equity derivatives, credit derivatives,
commodities, futures, and structured products.
BGC's technology helps customers determine the value of a
transaction and execute transactions at the best possible price.
BGC's customers include many of the world's largest banks, hedge
funds, governments and investment firms. Trades are executed
through BGC's brokers, or through its hybrid and fully electronic
brokerage services.
BGC, named after fixed income trading innovator B. Gerald Cantor, also offers financial
technology solutions, market data, and analytics through its
eSpeed, BGC Trader, and BGC Market Data brands, and provides
clearing, processing, and other support services. For more
information, please visit www.bgcpartners.com.
SOURCE FFastFill plc
