Source: Fenics
Fenics, a leading provider of FX options software, announced today that Bank of Communications, a leading global financial services group based in Shanghai, has licensed Fenics Professional, a pricing and risk management system for foreign exchange options.
The bank will be able to deploy FENICS Professional globally with improved system integration.
Richard Brunt, Managing Director of FENICS said, "We are very pleased Bank of Communications has recently extended their subscription to FENICS Professional and are also now benefitting from a more sophisticated and integrated front to back FX Options workflow as a result of close collaboration with the FENICS Professional Services team. Our continued investment in technology coupled with an industry leading consulting division means we have been very well placed to assist our clients with their integration requirements no matter the level of complexity involved."
Jeffrey Jin at Bank of Communications said, "We have found that the flexibility in analysing our positions is key to enhancing operations. We have selected FENICS Professional on the basis of its ability to provide this analysis and to also to connect to our back office system seamlessly, making our business more efficient"