FFastFill SAM receives Goodacre GoodAccredited System status

London - 14 March 2011

FFastFill announces that its SAM Stockbroking Settlement System has been awarded Goodacre GoodAccredited System status. The GoodAccredited System ranking is awarded to firms who supply systems and services for Investment Banks, Stockbrokers, Wealth Managers and other regulated trading companies who have met the stringent criteria defined by Goodacre.

SAM is FFastFill’s comprehensive back office settlement and administrative system that process assets such as equities, gilts, bonds, FX and unit trusts. SAM is built on robust Oracle and Linux technology and fully utilises rigorous double entry accounting practices. The system is used by market practitioners including retail brokers, execution only brokers, institutional brokers, market makers and custodians. SAM has one a comprehensive Euroclear interface as well as connections to other settlement agents, industry standard front end systems and middle office applications. The product was launched with the introduction of CREST, but has been developed further to provide a comprehensive back office settlement solution for all varieties of brokers and market participants.

Louise Davies, Managing Director Business Development at FFastFill, said “We are pleased that SAM has been recognised under the GoodAccredited System as one of the market leading stockbroking settlement products. This underlines FFastFill’s continued commitment to the application and the marketplace”.

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