GFI Group Releases Latest Generation FENICS Professional

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New York, May 9, 2012 – GFI Group announced today the release of FENICS Professional™ version 12.2, a new generation of the award winning FX option platform which brings together pricing, distribution, bilateral trading and risk management capabilities for FX options.

FENICS Professional 12.2 focuses on expanding the functionality in FENICS® Sales and includes a Trade Strategy Wizard that helps sales teams select the optimal product based on the client’s needs from the institution’s list of approved products to offer their clients.

Richard Brunt, Global Head of GFI FENICS said: “This latest release includes new functionality that has been designed in close collaboration with our current clients”

Brunt continues, “As our clients rolled out FENICS Sales to more generalist sales teams, they asked us to add a customizable sales wizard to assist users in finding the right product for their client through a series of intuitive questions.”

The new functionality is a natural extension of the FENICS Sales module. This module, launched in 2011, includes tools for volatility tiering (by counterparty), internal RFQ, bespoke termsheets and mirror ticketing. The Trade Strategy Wizard offers multilingual front end, bespoke workflow logic and full security functionality to control individual user access.

FENICS Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to control, monitor and oversee a comprehensive range of FX option trading and lifecycle management from one single interface.  The new generation FENICS Professional 12.2 includes other enhancements including improved deployment solutions, additional customizable alerts to internal RFQ (Sales to Trading), additional editing functionality to structures and an enhanced GFI FX option volatility market data feed covering over 110 currency pairs.

GFI FENICS, which celebrates its 25th anniversary this year, has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 institutions worldwide with thousands of users benefiting from its solutions. Clients include banks, multinational corporations, brokers, and hedge funds.