OneChicago (OCX), a US equity finance exchange, recently announced that it has certified FFastFill, a leader in providing Software as a Service (SaaS (News - Alert)), as an independent software vendor (ISV). With the certification, FFastFill will now be able to provide their customers software to support direct market access to OneChicago's fully electronic marketplace via the CBOEdirect API for order placement and related market data.

"We are pleased that FFastFill's customers will now have full access to OneChicago's marketplace. FFastFill's unique pre-trade risk management together with their ASP solution offers clients the ability to trade global markets locally," said Tom McCabe, Chief Operating Officer at OneChicago, in a statement.

With access to OneChicago, FFastFill clients will be able to execute orders via a SaaS trading platform with complete, front-to-back support and risk management.

Ryan McElvogue, Managing Director of FFastFill, said, "The decision to reach out to OneChicago resulted in a direct response to customers demand for access to OneChicago's cost effective products. The changing environment requires firms to look for more effective ways to participate in the equity markets. OneChicago is one of those places."

The ISV certification is a great achievement for FFastFill which offers solutions like electronic order routing, clearing, risk management and back office as part of an integrated, yet modular system architecture. Recently, IPC (News - Alert) Systems, Inc., a leading provider of electronic trading communications solutions to the world's top financial services firms and global enterprises, partnered with FFastFill to make its pre-trade, post-trade and straight through processing services available to members of IPC's Electronic Connectivity Services (ECS) community. Trading customers using IPC's secure global financial network will be able to take advantage of FFastFill's hosted execution platform to secure non-member access to exchanges and trading venues across the world. Using the new FFastFill Horizon service, customers of IPC's Electronic Connectivity Services who are without direct exchange or market memberships can now 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.

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Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.

Edited by Rich Steeves