New York, June 14th, 2011 – GFI FENICSSMannounced it has entered an agreement with Cambridge Mercantile Corporation of Toronto, Canada for the licensing of FENICS Professional™ 12.1 to support its new FX options business.
Bernard Heitner, CEO, Cambridge Mercantile Corp. said, “We evaluated several systems for FX options pricing, risk management, and transaction processing. FENICS Professional provides risk reporting that is easily tailored to the specific requirements of our FX options workflow making it the best platform to suit our needs. The GFI FENICS customer support team provides in-depth training and ongoing support to help us get the most out of FENICS Professional.”
Sue Poulin, Commercial Head of GFI FENICS for the Americas commented, “We are delighted that Cambridge Mercantile Corp. has selected FENICS Professional to assist in building its FX options business. FENICS Professional allows us to cater to the needs of clients in many different market segments as it provides a robust solution for FX options analysis, pricing and reporting” and added, “GFI FENICS has seen strong growth in the Americas over the last year as it continues to prove itself as a market-leading solution in FX options.”
FENICS Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to control, monitor and oversee every aspect of FX option trading and lifecycle management from one single interface.
GFI FENICS 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.