FFastFill announces connectivity to LME Smart on SEALS

5 January 2011

FFastFill are pleased to announce the launch of their LME SMART trade registration and matching functionality delivered on its SEALS Global Clearing platform. The addition of LME SMART to SEALS allows users to manage all electronic Select trades and OTC business through a single interface, with the additional ability of trade entry.

FFastFill SEALS is a comprehensive real-time middle office allocation and order matching tool delivered as a high performance, high availability and scalable SaaS solution integrated with clearing risk management.

Within SEALS, users are now able to complete all required LME Clearing tasks such as trade registration, cancellation and acceptance. SEALS also provides a real time update of all trade statuses and alleged trades and is accompanied by a simplified confirmation and registration of half trade functionality. SEALS also has the ability to automate imports for trade submission.

FFastFill already provides a fully featured LME trading application, low latency FIX trading capabilities and settlement functionality to 19 Category One and Two members of the exchange.

Hamish Purdey, CEO of FFastFill commented, “The addition of LME Smart functionality to our SEALS Global Software as a Service Platform further demonstrates the strength and versatility of the FFastFill application suite. From front through to middle and back office, FFastFill provides the entire straight through processing Software as a Service for global exchanges.”

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