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One Chicago Certifies FFastFill for DMA

The exchange will allow FFastFill clients to execute orders through an SaSS-based trading platform.

OneChicago (OCX), a US equity finance exchange said it has certified FFastFill as an independent software vendor (ISV). FFastFill will provide the exchange’s customers with software to support direct market access to OneChicago’s fully electronic marketplace via the CBOEdirect API (application programming interface) 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,” stated Tom McCabe, COO at OneChicago, in today’s erlease.

According to FFastFill, the decision to reach out to OneChicago came about as 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,” commented Ryan McElvogue, Managing Director of FFastFill, a company that provides Software as a Service (SaSS) to the global derivatives industry. in the release.

One Chicago is the only US equity finance exchange that offers trading in security futures and related exchange for physicals (EFPs). Regulated by the SEC and CFTC, OCX lists approximately 2,745 products, including ADRs, ETFs and OCX.NoDivRisk contracts.

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Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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