Taiwan's Yuanta Bank connects to Fenics Gateway

FENICS®, a leading provider of FX options software, announced today that Yuanta Bank, a leading Taiwanese commercial bank, has connected to FENICS Gateway and also extended its FENICS Professional license.

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FENICS Gateway is a FENICS-hosted messaging hub connecting multibank and single bank transactional venues to FENICS Professional clients. It allows STP connectivity of post-trade details both between counterparties, and straight into the client's FENICS database for risk management and onward distribution to trade repositories via third parties such as Traiana. FENICS Gateway supports STP for FX options, precious metals, NDF's, spot and forward trades.

Richard Brunt, Managing Director of FENICS, said, "We are delighted that Yuanta Bank has extended its relationship with FENICS, and joined the growing community using FENICS Gateway for post trade messaging." Brunt continued: "FENICS Gateway was soft launched at the turn of the year and has already processed in excess of a thousand trades a month between execution venues and FENICS clients. We expect the volumes to continue to grow as more clients and publishers come on board"

Sywoei Lui, Senior Trader at Yuanta, said, "As well as innovative solutions for the FX options marketplace we continue to be impressed with the professionalism when dealing with the expert staff at FENICS. We look forward to partnering with FENICS for many years to come."
FENICS is used at over 350 client sites worldwide with thousands of end users from all across the financial markets benefiting from its solutions. 

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