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Skandinaviska Enskilda Banken AB to use FFastFill’s managed service to execute CME FX Futures on Reuters Dealing 3000

FFastFill, the leading application services company, today announced that Skandinaviska Enskilda Banken AB (SEB) will use FFastFill’s managed service to trade CME FX Futures on Reuters Dealing 3000 as part of the Beta Programme for this service, originally announced in May.

This service allows FX Spot market participants using the Reuters Dealing 3000 product to trade FX Futures on the Chicago Mercantile Exchange using FFastFill’s high-speed order execution managed service.

The Beta Programme provides early access for a limited number of firms who already play a major role in the trading of FX. It is planned to make the service available to a wider market early in 2005.

Steve Martin, Clearing Manager at SEB Futures said, "As the only European based direct clearing member of the CME we are delighted to be supporting the exchange in this exciting initiative. The solution offered by FFastFill, allows swift and cost effective connectivity to our clients, and we are looking forward to working with all parties involved in this venture."

Said Keith Todd, Executive Chairman of FFastFill, "I am delighted that we have helped to bring this exciting new service on stream so quickly. The quality of the clients who have joined the Beta Programme is a strong indication of the potential for this service."