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 FENICSSM 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.