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GFI Group Introduces FENICS Sales for FX Options

The new release of FENICS Professional version 12.1 offers a complete workflow solutions for sales professionals and traders.

GFI Group released FENICS Professional version 12.1, which is a new FX Option platform for sales professionals. It brings together pricing, distribution, bilateral trading as well as risk management and analytics for FX options.

FENICS Professional 12.1 introduces FENICS Sales, functionality offering a complete workflow solution for sales professionals and traders. The new release includes the ability for traders to spread their volatility surface based upon the counterparty profile to ensure sales professionals have desktop access to the correct prices.

Sales and traders can communicate through FENICS chat, and confirm prices via internal RFQ. Term sheet functionality allows sales users to produce multi language term sheets, with full graphing capabilities.

FENICS Professional 12.1 also allows the generation and web deployment of retail products, such as dual currency investments, direct to customer or branch networks. In a statement, Richard Brunt, Global Head of GFI FENICS, said: “This latest release of FENICS Professional has been greatly anticipated by our existing clients and prospects alike.”

As part of its strategy to improve workflow for FX options, new functionality including the introduction of multi-language term sheets, internal RFQ (request for quote), chat and volatility spreading by counterparty enables its traditional client base of traders to communicate and execute with their internal sales network locally, regionally and globally. Minimizing the need for multiple trade entry points, telephone calls, and other manual processes will make both traders and sales people more productive, states the release.

Brunt added in the release, that all of this functionality comes as standard within FENICS Professional and is not sold as an additional service. This makes FENICS Professional extremely cost effective and scalable.”

GFI FENICS has worked closely with customers to make further improvements across all product components, including its portfolio management component, FENICS Portfolio, as well as FENICS Pricing and FENICS Security, according to the release.

GFI FENCIS has been providing FX derivatives software since 1987 and its products are licensed to 350 institutions worldwide including banks, multinational corporations, brokers and hedge funds, according to the company.

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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