StatPro Group has signed a multi-year licence with GFI Group (GFIG on NASDAQ) to use GFI's FX options data in its pricing and risk management services.
Dario Cintioli, ceo Italy and global head of risk at StatPro said. "Statpro's clients enjoy continually improving services and, as part of this strategy, we look to incorporate data from leading providers. GFI is one of the world's foremost inter-dealer brokers and its FX options broking and data expertise was therefore very compelling."
"GFI is very pleased to add StatPro to our list of partners in risk management and pricing", said Philip Winstone, global head of data sales at GFI. "GFI's FX options market data service comprises full volatility points using prices from our award-winning ForexMatch electronic trading platform and an options volatility application developed in-house for our own brokers. It therefore provides the price points to enable accurate pricing and revaluation of FX options positions."