GFI Fenics announced the expansion of its agreement with Cambridge Mercantile Corporation of Toronto, Canada for the licensing of Fenics Professional to include its Montreal and Vancouver offices.
FENICS Professional has allowed Cambridge Mercantile Corp to broaden their range of services as part of their aggressive growth strategy.
Bernard Heitner, CEO, Cambridge Mercantile Corp. said, "We are keen on staying at the forefront of the market place with the range and depth of services we can provide to clients. Adding FX options to our product suite has been an important step for us and we selected FENICS Professional as we deemed it to be the best platform to suit our needs in FX options pricing, risk management, and transaction processing. The ease of deployment of the platform made it simple to extend the functionality to our Montreal and Vancouver offices".
Sue Poulin, Commercial Head of GFI FENICS for the Americas commented, "We have an excellent relationship with Cambridge Mercantile Corp. and are delighted that we can help them with the expansion of their business. Our product makes it easy to cater to the needs of our clients and assist them in developing and growing their FX options business."
Ms. Poulin added: "GFI FENICS offers a robust solution for FX options pricing, analysis, and reporting. It has seen strong growth in the Americas over the last year as it continues to prove itself as a market-leading provider of FX options technology".