New York's LaBranche Structured Products LLC has licensed Fenics FX Pricing and Analysis from GFI Group (Nasdaq: GFIG) for use on LaBranche's FX Option Desk in New York City.
Andrew Dexter, head of FX Options at LaBranche said, "We evaluated multiple systems for FX Options pricing, risk management, and transaction processing and believe that FENICS is the best system available for us. The FENICS customer support team provides fantastic training and ongoing support to help us get the most out of FENICS and be more efficient."
"FENICS has seen tremendous success over the last year adding new clients in a range of market segments; it continues to prove itself as the market standard in FX Options", said Richard Brunt, Global Head of FENICS & Market Data Services at GFI, "We are delighted that LaBranche has selected FENICS."
FENICS FX is a powerful front, middle and back office platform for pricing, analyzing, and managing FX options. An end-to-end solution, it provides all the necessary tools, math models and independent market data for fast, accurate price discovery and revaluation of vanilla options and exotic multi-leg, multi-currency strategies.