FENICS Trader named Technology Development of 2012
New York, November 27, 2012 – GFI FENICS, part of GFI Group Inc. (NYSE: “GFIG”), announced today that it has received two prestigious 2012 awards from Asia Risk magazine:
- GFI FENICS has obtained 1st place in the Foreign Exchange Derivatives Pricing and Risk category in the Asia Risk Rankings
- FENICS TraderTM received the Technology Development of the Year award.
Richard Brunt, Global Head of GFI FENICS said: “In the year that GFI FENICS celebrates its 25th anniversary, we are extremely proud to have been recognised by Asia Risk magazine and its readers as a market leader in FX options” and added, “We are also very happy for the success of FENICS Trader to be acknowledged. Our monthly trade volumes have continued to grow impressively over the last 12 months, even during the traditionally slow summer months, and a period of low activity in the market. We are optimistic about business growth opportunities in 2103 for both FENICS Professional and FENICS Trader’.
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. FENICS provides 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
FENICS Trader is a multi-bank venue delivering indicative and tradable FX options liquidity to the FENICS ProfessionalTM customer base. Since its successful launch in 2011, significant new functionality has been added to increase price transparency and ease of price request to improve user workflow and efficiency.