GFI Group (Nasdaq: 'GFIG') announced today that the Commonwealth Bank of Australia (CBA) has deployed GFI Fenics Enterprise Edition from GFI Group.
Fenics Enterprise is the market-leading FX system which provides CBA with expanded level of technology to service their options business.
FENICS Enterprise Edition, an advanced suite of products launched in 2008, allows CBA to embed FENICS into their own customized spreadsheets and web UI's (user interface). This makes pricing and analyzing options more efficient through a tailored front end for the CBA options team based on a combination of FENICS and CBA Math models.
Ben McMillan, Global Head of FX at CBA said, "We have found the flexibility offered by FENICS Enterprise to be key in enhancing our operations". "We opted for FENICS Enterprise as it provides us with open analysis tools that interact with and connect to our in house systems and models seamlessly", he added.
"We are very pleased to provide FENICS Enterprise for CBA in Sydney as well as across their branches in Asia, Europe and the Americas" said Elliott Hann, GFI FENICS Head of Sales for Asia Pacific. "FENICS Enterprise opens a myriad of potential applications not only for our immediate clients but also to their own customers; we are excited about the potential of this product"