FFastFill was chosen by Reuters as the launch partner for this project in May 2004 and has been responsible for building and maintaining a trade order routing service that enables traders using Reuters Dealing 3000 to also execute the CME's FX futures and options contracts.
FFastFill has signed nine major institutions for this service. To take advantage of this foreign exchange market opportunity, these CME clearing members not only support their internal trading teams but also offer a service to non-clearing member firms that use the Reuters Dealing 3000 platform. FFastFill's Application Services Provider (ASP) offers participants easy implementation, efficiency and flexibility, allowing firms to increase their trading capabilities.
FFastFill's Executive Chairman and CEO Keith Todd said: "FFastFill is delighted that it has been selected by RBC Capital Markets to deliver the CME FX on Reuters Application Service. This is the first project we have undertaken with RBC Capital Markets, and we look forward to a close working relationship."
Todd continued: "This is another important milestone for FFastFill as we have demonstrated the benefits of our application services approach and our ability to deliver an innovative robust service for the foreign exchange community. We look forward to continue working with Reuters, CME and the clearing community on developing this project further and spreading its use throughout the global FX community."