FFastFill plc (LSE: FFA), the leading provider of Software as a Service ("SaaS") to the global derivatives community is pleased to announce that it has successfully entered a partnership with IPC Systems, Inc., a leading provider of electronic trading communications solutions to the world’s top financial services firms and global enterprises, allowing members of IPC’s Electronic Connectivity Services (ECS) community to make its pre-trade, post-trade and straight through processing services through FFastFill’s hosted execution platform securing non-member access to exchanges and trading venues across the world.
FFastFill’s broad range of application services will leverage IPC’s fully hosted SaaS model to enable customers to trade a multitude of exchanges with minimal latency. Using FFastFill‘s new Horizon service, customers of IPC’s Electronic Connectivity Services who are without direct exchange or market memberships will gain access to over 60 international trading venues across the North American, Europe and Asia-Pacific regions simply by using other member firms’ market access.
With new trading platforms proliferating, firms increasingly need access to venues where they typically don’t have memberships. FFastFill’s new Horizon service successfully removes the requirement for expensive third party connectivity or time-consuming broker-to-broker integration activities, resulting in reduced time to market and much greater flexibility in terms of broker coverage.
“IPC’s private and secure Electronic Connectivity Services financial network already connects thousands of financial market trading participants worldwide, making IPC’s community an ideal partner for FFastFill and its portfolio of electronic trading applications,” added David Brown, senior vice president, Global Operations for IPC Systems. “Both FFastFill and IPC are committed to providing an optimum trading services environment, and we look forward to enabling our Electronic Connectivity Services customers to both trade on new markets, as well as attract new order flows for venues where they are existing members.”
IPC’s global connectivity infrastructure is exclusively focused on providing financial institutions and software specialists such as FFastFill with connectivity for all aspects of the trade lifecycle. The company’s global financial network connects the world’s major financial centres across 200 cities in 60 countries, and is exclusively focused on providing market participants with the secure, high-speed connectivity they increasingly demand to support all aspects of their trade lifecycle. Specifically engineered for electronic trading applications, IPC’s portfolio of ECS allows organizations to benefit from secure, dedicated bandwidth, and take advantage of scalable and flexible connectivity capabilities to support their evolving electronic trading requirements.
Hamish Purdey, Chief Executive Officer of FFastFill commented:
“Our new service platform Horizon offers the capability to create access quickly, cheaply and efficiently are is set to change the way clients trade on new markets, and we’re delighted that IPC is making the service available to its global community of more than 4,000 trading firms.”