GFI signs Hong Kong's Dah Sing Bank to Fenics FX tool

Source: GFI Group

Dah Sing Bank, a Hong Kong financial services group, has licensed FENICS FX, a pricing and risk management system for foreign exchange options from GFI Group, Inc. ('GFIG' on Nasdaq).

The bank will use the system in its Treasury Business.

Woody Chan, general manager and head of the Treasury Division at Dah Sing Bank said, "As Dah Sing continues to improve operational efficiency we are always looking for more effective system solutions for the group's treasury division. We have selected GFI's FENICS FX on the basis of its capability to provide analysis, ticketing and full STP."

"FENICS FX continues to make great progress in Asia-Pacific where it has long been a market standard", said Elliott Hann, head of FENICS sales for GFI in the region. "We have shown how FENICS can streamline operations and GFI Group is delighted that Dah Sing Bank has selected FENICS."

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