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Mizuho Bank deploys GFI Group FX system

25 January 2010  |  2786 views  |  0 Source: GFI Group

GFI Group (NASDAQ: "GFIG") announced today that Mizuho Bank of Japan has deployed Fenics Professional, the market-leading FX system.

The Bank has been a client of GFI FENICSSM since 2002.

Mr. Satoshi Ishii, Manager of Derivatives & Foreign Exchange Division said: "FENICS Professional has a large market share as a pricing tool of the FX options market and is a must for inter-bank trading. We are very pleased with the new functionality that has been added to the already proven high functionalities of the system." "We highly value FENICS Professional for its robust functionality for pricing, calculation of non-linear risks, structured pricing functionality, and market data. It is a strong tool to support dealers' portfolio management" he added.

Atsuo Kanazawa, Head of GFI FENICS in Japan stated: "The new release of GFI FENICS -FENICS 12.1- will include functionality that has come directly from client feedback, such as the addition of sales term sheets, the ability to spread prices by counterparty, and the tools to distribute retail structures directly to sales and branch networks. It is this scalability of FENICS Professional that continues to attract blue ribbon clients to the product."

Richard Brunt, Global Head of a GFI FENICS added, "Our business across the Asia-Pacific region continues to grow strongly as our existing clients across this part of the world continue to expand their usage and as we attract new customers through our innovative development."

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