This is my final update as it took some tweaking to get it working 100% reliable, once you have like the proxy and this page if the player does not auto launch cos of popup blocker or whatever click the launch button :-
Once the Player window opens and loads so you can see the menus and programs disable the proxy (basically as soon as the window stops loading which you will be able to tell because the menus popup and you can see the window shown here without any video playing), so now you're connected not through the proxy so you get your full speed for streaming :-
Please post and let me know how you get on, hope you appreciate my work.