Quaesta Capital, a Swiss financial services provider, has gone live with Fenics FX - from GFI (Nasdaq: GFIG).
Quaesta Capital is using FENICS for managing vanilla and exotic FX option positions in its new v-Pro, a long/short FX volatility program.
Harald Hild, v-Pro's principal portfolio manager said "With volatility strategies you need active and dynamic trade management. For us at Quaesta Capital, risk and position management is critical to generate attractive and sustainable absolute returns for our investors - and FENICS FX is great for exactly this."
"The FX market continues to develop," said Richard Brunt, GFI's global head of FENICS sales, "and currency fund managers who are developing innovative investment products - as Quaesta Capital is doing with v-Pro - are another new area where FENICS can be deployed".
Quaesta's licence covers FENICS's Pricing, Security, Live rates and Analysis modules. V-Pro was launched at the end of May.
The deal was signed in December last year and FENICS went live at Quaesta in April.