Month: February 2012

New York, February 21, 2012 – GFI Group Inc. (NYSE: “GFIG”) announced today that Cleveland based KeyBank has upgraded its existing agreement with GFI FENICS^SMto include the full suite of FENICS Professional™ Pricing and Analytic tools. In addition, KeyBank will expand the use of FENICS Professional to new users and locations.

KeyBank will utilise FENICS Professional for FX options price discovery, portfolio management and automated downstream STP (straight-through processing) of trades into its back office system.  Moreover, the new agreement will also provide KeyBank’s traders and sales team access to the FENICS Professional’s Sales Module that will allow them to build, price, and communicate the details of complex FX Options structures with speed and efficiency.

Kevin Kruszenski, Managing Director and Manager of Foreign Exchange Trading at KeyBank said, “FENICS Professional provides us with the full suite of tools we need to support and grow our business. We are excited to expand our agreement with GFI FENICS and benefit from the new functionality provided with the FENICS Professional suite”.

Richard Brunt, Global Head of GFI FENICS & Market Data Services stated: “Our business continues to grow strongly in North America by adding new clients and expanding our relationships with existing clients. We are delighted that KeyBank has taken our relationship to the next level and invested in FENICS Professional as the system of choice to develop its expanding FX option business into the future”.

A client of GFI FENICS since 1997, KeyBank is extending its agreement for a further three years.

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.

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.

FENICS Professional is provided by GFI FENICS, a part of GFI Group.

 

New York, February 7, 2012 – The RHB Banking Group, a leading Malaysian Bank, has licensed FENICS Professional™ from GFI Group, Inc. (NYSE: GFIG). The bank has deployed FENICS Professional version 12.1 which includes the new functionalities:  FENICS ^SM Sales, FENICSTrader™ and the latest version of FENICS ^SM Exotic Maths Models.

FENICS Professional provides the RHB Banking Group with capabilities such as volatility surface management, internal RFQ (request for quote) and automatic term sheet generation.

Mr. Johari Muid, Managing Director, RHB Bank, commented, “Licensing FENICS Professional is a step further in our relationship with GFI FENICS. At RHB, we work to be on top of the market with the range and depth of services and products we can offer our clients.”

“We are very happy that the RHB Banking Group has chosen to deploy FENICS Professional and that they have decided to expand their usage of our capabilities”, said Elliott Hann, Head of Sales for GFI FENICS^SM  in Asia. “RHB is now equipped with the latest version of our system which provides a broader range of tools for their FX derivatives business”. 

RHB Banking Group is currently the fourth largest fully integrated financial service group in Malaysia and has been a client of GFI FENICS since 2008.

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.

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.

FENICS Professional is provided by GFI FENICS, a part of GFI Group.