GFI FENICS voted ‘FX Options Initiative of the Year’ 2012 by FX Week Magazine


New York, July 12, 2012 – GFI FENICSSM, part of GFI Group Inc. (NYSE: “GFIG”), announced today that the latest release of FENICS TraderTM has received the 2012 “FX Options Initiative of the Year” granted by the FX Week, an Incisive Media publication.

This award was new for 2012 and it acknowledges the FX options initiative that has had the most successful launch, and shows the most promise in the long term. 

FENICS Trader is a multi-bank venue delivering indicative and tradable FX options liquidity to the FENICS ProfessionalTM customer base. Building on its successful launch in 2011, the latest release, launched in February 2012, has added significant new functionality to increase price transparency and ease of price request to improve user workflow and efficiency. 

Richard Brunt, Global Head of GFI FENICS said: “GFI FENICS has 25 years’ experience of providing award winning price discovery software to currency derivative markets, for which it is extremely well regarded. We are delighted to have won this award from FX Week for FENICS Trader. The monthly trade volumes have grown impressively over the last 12 months, as more of our clients embrace the functionality, and as we add new liquidity providers”.

FENICS Professional is a powerful front, middle and back office platform for pricing, analyzing, and managing FX options. An end-to-end solution, we believe it provides all the necessary tools, math models and independent market data for fast, accurate price discovery and revaluation of vanilla options and exotic, multi-leg, and multi-currency strategies.

FENICS Professional is licensed to over 350 clients worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.