FFastFill, a provider of Software as a Service (“SaaS”) to the global derivates community, is pleased to announce an extension of its contract with BGC Partners (“BGC”) to include the global deployment of FFastFill’s execution platform, which incorporates the Horizon Multi-Broker Network, across BGC’s current international brokerage offices. The deal extends FFastFill’s role within BGC Partners from an initial presence in selected locations to full worldwide market presence.
Effective immediately, FFastFill Horizon will be integrated within BGC’s platform, enabling multi-broker support to fulfil BGC’s execution requirements. Horizon will provide BGC with a cost effective, low latency route to FFastFill’s full range of more than 60 trading venues worldwide. Focusing on futures and options trading, Horizon also handles complex block trades and provides the ability for full real time pre and post risk management capabilities.
FFastFill’s share price is trading at 13.06 in London.
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Hamish Purdey, Chief Executive, FFastFill said:
“FFastFill is delighted to have achieved this contract to work with BGC Partners on a global basis. This deal is a validation of the quality of the FFastFill execution capabilities. Horizon provides unrivalled flexibility between institutions, brokers and their clients, enabling BGC’s fast and cost-efficient business development and execution and the FFastFill team is looking forward to working with BGC to ensure swift global deployment.”
Jean-Pierre Aubin, Executive Managing Director, Global Head of Listed Products and General Manager of Continental Europe at BGC Partners said:
“As a leading global brokerage company, BGC Partners requires flexible multi-brokerage, multi-client, multi-exchange connectivity matched by fast and efficient execution. We believe FFastFill’s cost efficient, low latency execution platform offers a compelling value proposition and we recognised clear advantages to extending our commercial relationship with FFastFill.”