OneChicago (OCX), a US equity finance exchange and FFastFill, a leader in providing Software as a Service (SaaS), today announced that the exchange has certified FFastFill as an independent software vendor (ISV).
As a OneChicago ISV, FFastFill will 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.
As financial firms are looking for a better way to navigate the changing derivatives regulatory landscape, having access to OneChicago will allow FFastFill clients to execute orders via a SaaS trading platform with complete, front-to-back support and risk management.
"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.
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."