FFastFill signs Skandinaviska Enskilda Banken AB for its Middle Office Application Service

21 July 2008

FFastFill, the leading application service provider for the electronic trading community, is delighted to announce that it has been selected to provide the middle office matching and allocation platform for Skandinaviska Enskilda Banken (SEB) in London.

FFastFill announced the release of its middle office matching and allocation service earlier this year. It is based on FFastFill’s modern distributed architecture with a publish / subscribe message bus which allows great flexibility for customer deployment. The service is delivered and supported 24 hours a day throughout the trading week from FFastFill’s service centres in London and Chicago. The service provides connectivity to London Clearing House (TRS), Deutsche Boörse (Eurex Clearing), Clearing 21 (Euronext), CME (inc CBOT), EDX and MEFF.

In addition, following the previously announced acquisition of Exchange Technology Pty Ltd in Australia who have extensive experience in the middle office market and Asia Pacific clearing house connectivity, FFastFill is also able to offer a global middle office solution.

FFastFill’s integrated platform provides components across the complete STP (Straight Through Processing) cycle from front office through middle office to back office which will allow customers to leverage real time risk management from middle office feeds. FFastFill currently provides SEB with a front office Trading Technologies Service as well as being a long time supplier of FFastFill’s back office technology.

Keith Todd, Chairman & CEO of FFastFill, said: “We are delighted that SEB has selected us for the middle office service which is a critically important part of their business. We look forward to other opportunities for FFastFill and SEB to work together.”

Steve Martin, Clearing Manager, SEB Futures, said: “The installation of the FFastFill matching engine is a continuation of SEB Futures commitment to its clients to deliver best of breed technology throughout the processing chain. The rapid deployment of this service is a testament to the service ethic we have come to expect from a key technology partner.”

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