GFI Group (NASDAQ: "GFIG") announced today that Hyman Beck and Company , one of the world's most diversified alternative investment managers, has licensed Fenics Professional for the pricing and risk management of its FX options business.
The agreement includes FENICS Pricing, Analysis, and Structuring.
James Lubin, Principal and COO of Hyman Beck said: "We are very pleased to have chosen FENICS Professional as an enhancement to our existing risk management systems. I was greatly impressed by the flexibility of FENICS reporting and the benefit it will deliver to the current risk control processes utilized in our FX options portfolio. GFI FENICSSM is a brand that has been industry-recognized for many years and the ease of deployment allowed us to be up and running quickly."
Suzanne Poulin, Head of GFI FENICS Sales for the Americas commented: "GFI has been successful in adding new clients in the investment management sector and is very happy to welcome Hyman Beck and Co. FENICS Professional encompasses all of the tools needed to manage an FX options business efficiently."
GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 client firms worldwide - financial institutions and corporations - with thousands of users benefiting from its solutions.