South Korea's Chohung Bank is installing GFI Group's foreign exchange options pricing and analysis tool, Fenics FX.
The system will be implemented in Chohung Bank's FX options trading operations.
Jin-Baek Kim, manager, trading and investment department, Chohung Bank, says: "We have chosen Fenics FX as our interface for FX options pricing because of its accurate and transparent market pricing, speed, flexibility, and compatibility with future plans including FX systems integrations and updates."
GFI says Chohung Bank follows a number of other firms in South Korea that are using its Fenics FX system, including Koram Bank, Woori Bank, Shinhan Bank and Korean Development Bank.