The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa (MENA) region, announced today that it has signed an agreement for FFastFill to provide connectivity and vendor software to the exchange and its users. The appointment was followed by stringent conformity tests whereby FFastFill, a global provider of software and services to financial markets, will provide the BFX with connectivity to the FFastFill trading community of international banks and brokerage firms.
FFastFill's advanced solutions for the electronic trading community use the latest technology to automate trade flow processes through the full trade cycle of front, middle, back and risk management applications. These are delivered through the highly efficient and cost-effective medium of Software as a Service (SaaS).BFX's clients will be able to access a comprehensive list of FFastFill's unique products and trading capabilities such as multi-asset trading and clearing functionality of equity, fixed income, foreign exchange, CFD (Contract for Difference), across futures and options contracts.
Additional solutions such as electronic order routing, clearing and risk management are further improved by FFastFill's use of the latest and state-of-art developments in trade automation technology which offer an integrated package of solutions to BFX's clients.
"It is vital to us to communicate and collaborate on a global scale as we are committed in providing our clients with first-rate software connectivity that in return delivers a cost-effective and highly reliable global reach. We are delighted to welcome on board all trading firms and individuals who make use of FFastFill's sophisticated technology to access the BFX," commented Arshad Khan, Managing Director &CEO of the BFX and the BCDC.
"We are creating a state-of-the-art multi-asset exchange with the aim of attracting both regional and international clients, and this agreement is a clear statement of our continued efforts in that regard," Mr. Khan further added.
Mr. Hamish Purdey, FFastFill CEO commented: "FFastFill provides high quality global services to the electronic trading community that offer solutions to meet the unique requirements of clients across the globe. Bahrain is a new foothold for FFastFill and we are pleased to have these solutions deployed on the region's first multi-asset exchange. In doing so, it provides the flexibility of integrating FFastFill's own technology with the specialist services of other suppliers."