FENICS and 360T Sign Software Collaboration Agreement


Agreement will embed FENICS pricing module within 360T’s TEX trading platform

New York, January 22, 2013 – FENICS® Software Ltd, a GFI Group Inc. (NYSE:”GFIG”) company, announced today that it has signed an agreement with 360 Treasury Systems AG “360T” to embed the FENICS FX Options Pricing engine (FENICS ePricer) into 360T’s TEX multi-dealer trading system.

FENICS ePricer provides indicative price discovery across a wide range of currency pairs, and has been configured to support the strategies and workflows within the 360T TEX platform – including one and two-legged vanilla strategies, supporting both live (without hedge) and delta-hedged requests. Prices generated by FENICS ePricer flow seamlessly into 360T’s TEX trading platform which can subsequently send RFQ’s to the 360T liquidity pool. This incorporated solution also includes all benefits of a multi-bank platform like the documentation of best price execution and a fully straight-through-processing (STP).

Richard Brunt, Managing Director FENICS, said: “We are delighted to have reached this agreement with 360T and to support the TEX platform with the FENICS ePricer, the partnership will introduce FENICS technology to a wider user base in client segments such as corporate treasuries, buy side institutions and smaller regional financial institutions” 

Carlo Koelzer, CEO at 360T, added: “The inclusion of the FENICS Options pricer within our TEX service will give our clients in addition to our powerful services, access to the market leading indicative pricing system and will encourage flows through our TEX platform. We have rolled the FENICS ePricer to a cross section of our client base and the feedback has been extremely encouraging, and we look forward to a wider rollout in the coming month.”