LONDON – December 12th, 2016 — FENICS(r) Software Ltd. announced that Global Reach Partners, a leader in global foreign exchange, has licensed FENICS PRO, the award-winning FX derivatives workflow solution.
FENICS PRO has been implemented to enable Global Reach Partners to further boost its robust risk management and mark-to-market capability. The solution will be deployed alongside and integrated with the existing proprietary risk system at Global Reach Partners, delivering a seamless solution.
Richard Brunt, Managing Director of FENICS, said: “We are delighted Global Reach Partners has chosen to use FENICS PRO. We look forward to supporting their European team, as they work to provide deeper analytical services for themselves and their customers.” Brunt added: “FENICS has become widely deployed among the MSB (Money Service Business) participants, and it is an area in which we expect to see continued growth.”
Richard Chunn, Head of Technology & Partner at Global Reach Partners, commented: “Our first priority is to provide excellent service to our clients. We are growing our business and our solutions to meet growing needs around the world, which is why working with the right partners is crucial. Specifically, FENICS’s ability to provide the right solution, with deep integration capability, was essential for us.”
FENICS PRO 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.
Global Reach Partners is a company with a worldwide capability in financial services, combined with expertise and experience in foreign exchange. It provides services for institutions, large corporates, SMEs and consumers.
About BGC Partners, Inc.
BGC Partners is a leading global brokerage company servicing the financial and real estate markets. BGC owns GFI Group Inc., a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets. The Company’s Financial Services offerings include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. BGC provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post trade, information, and other services to a broad range of financial and non-financial institutions. Through brands including FENICS, BGC Trader, Capitalab, and BGC Market Data, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets.
Real Estate Services are offered through brands including Newmark Grubb Knight Frank, Newmark Cornish & Carey, ARA, Computerized Facility Integration, Landauer Valuation& Advisory, and Excess Space. Under these names, the Company provides a wide range of commercial real estate services, including leasing and corporate advisory, investment sales and financial services, consulting, project and development management, and property and facilities management.
BGC’s customers include many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick
BGC, BGC Trader, GFI, FENICS, FENICS.COM, Capitalab, Swaptioniser, Newmark, Grubb & Ellis, ARA, Computerized Facility Integration, Landauer, Landauer Valuation & Advisory, and Excess Space, Excess Space Retail Services, Inc., and Grubb are trademarks/service marks, and/or registered trademarks/service marks and/or service marks of BGC Partners, Inc. and/or its affiliates. Knight Frank is a service mark of Knight Frank (Nominees) Limited.
Discussion of Forward-Looking Statements about BGC Partners Statements in this document regarding BGC’s businesses that are not historical facts are “forward-looking statements” that involve risks and uncertainties. Except as required by law, BGC undertakes no obligation to release any revisions to any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC’s Securities and Exchange Commission filings, including, but not limited to, the risk factors set forth in its public filings, including the most recent Form 10-K and any updates to such risk factors contained in subsequent Forms 10-Q or Forms 8-K.
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