About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

FFastFill Extends into OTC CCP Markets

Subscribe to our newsletter

FFastFill has announced major developments for its Eclipse product into the OTC central counterparty (CCP) market. This new focus, based on the latest Oracle database platform, builds on existing global exchange traded derivative (ETD) successes and existing OTC functionality within Eclipse.

“OTC clearing is a hot topic for 2010. Since inception Eclipse was designed to process complex multi asset instruments and it delivered the first CCP module a number of years ago. From this base, work continued into a large range of energy and power markets where complex OTC needs were satisfied. During 2009 functionality was extended into a number of OTC CPP venues including the NYSE LIFFE Bclear Service and the Chicago Mercantile Exchange (CME) Clearing venues.”

“Work is already underway to extend this functionality to other major clearing house facilities, including the Nasdaq OMX IDCG (International Derivatives Clearing Group), CME Clearing, IntercontinentalExchange (ICE) Trust and LCH.Clearnet SwapClear. Other initiatives such as the joint NYSE EuroNext and DTCC (The Depositary Trust and Clearing Corporation) NYPC (New York Portfolio Clearing) are being scheduled for later in 2010 with full support from these clearing houses.” said Patrick Thornton-Smith, managing director of post trade processing at FFastFill.

“We are seeing considerable growth opportunities for FFastFill in the OTC CCP space, not just as standalone modules but fully integrated into the existing ETD functionality as central clearing both on and off exchange continues to gain momentum. Brokers and clearers are now assiduously looking for OTC clearing services for both credit risk and compliance reasons and the advantage of the FFastFill offer is that it can be easily integrated with their exchange-traded activity.”

“As a fast to develop and easily deployed ASP solution Eclipse is positioned to satisfy not just the banking participants but increasingly for the ‘buy side’ users. We are in discussions with a number of hedge funds, money managers, custodians and other end users who need a solution to satisfy both the operational and regulatory demands of the OTC CCP arena. The combination of exchange-traded and OTC CCP instruments with consequential cross margining will make Eclipse the leading choice during 2010 and beyond,” concludes Thornton-Smith.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

APAC Data Management Leaders Revealed in Inaugural A-Team Insight Awards Introduction

A-Team Group is pleased to announce the winners of the inaugural Capital Markets Technology APAC Awards 2025. These awards celebrate the technology providers and financial institutions at the forefront of innovation across the Asia Pacific region. Coinciding with the announcement, we have also launched our comprehensive annual report, “The State of Capital Markets Technology in...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Evaluated Pricing

Valuations and pricing teams are facing a much higher degree of scrutiny from both the regulatory community and the investor community in the glare of the post-crisis data transparency spotlight. Fair value price transparency requirements and the gradual move towards a more harmonised accounting standards environment is set within the context of the whole debate...