GFI Group Inc. (NYSE: "GFIG") announced today that HPI Financial Group, a regional asset management house headquartered in Hong Kong, has licensed Fenics Professional, a trading and risk management system for foreign exchange and commodity options provided by GFI Fenics.
FENICS Professional will help manage HPI's rapidly expanding commodity derivatives business.
HPI has deployed FENICS Professional which includes: FENICS Sales, FENICS Trader, FENICS Exotic Maths Models and the scalable trading solution, FENICS Enterprise, which enable HPI's clients to perform trading and portfolio management of their commodities options through HPI's mobile trading platform.
Philip Lau, CEO of HPI Financial Group said, "At HPI, we offer innovative trading solutions to our clients across the region, and GFI FENICS has helped us to increase trading transparency and efficiency. We want to develop a mobile trading platform that provides the best user experience using the FENICS Professional package enhances our system's capabilities to price and manage the risks of our derivative products and also helps our clients to perform real-time trading, portfolio analysis and margin level checking for both vanilla and exotic options."
"We are delighted that HPI Financial Group has chosen to deploy FENICS Professional in Hong Kong" said Richard Brunt, Global Head of GFI FENICS & Market Data Services. "The ability for FENICS to be used as an engine for pricing and execution has been proven once again by HPI with their successful retail platform that is 'Powered by FENICS'. FENICS continues to grow and develop its footprint in branch and retail businesses globally" he further commented.
HPI's CEO Lau added: "The scalability of the FENICS Professional solution equips our firm with a seamless technology to meet the growing demand of our business."