12 December 2017
visit www.avoka.com

Fenics provides FX options system to MoneyCorp

08 December 2014  |  2913 views  |  0 Source: FENICS

FENICS®, a leading provider of FX options software, announced today that TTT MoneyCorp Ltd "MoneyCorp", the UK's leading independent foreign currency exchange broker, has licensed FENICS ProfessionalTM, a FX derivatives pricing and risk management system, to support the expanding range of foreign exchange products and services offered to its clients.

Powered by FENICS Professional, Moneycorp has deployed an integrated solution for FX option risk valuation and life cycle management, seamlessly embedded into MoneyCorp's new FOX technology platform.

Henry McKeon, Chief Information Officer at MoneyCorp said "Central to MoneyCorp's philosophy is to develop a service anticipating the changing needs of the market and of our customers. We chose FENICS because of their 27 years of experience and proven track record in the FX derivatives space", and added, "We have been able to build an innovative platform supported by FENICS technology. This reflects our pioneering, creative approach to challenges and provides our clients with a level of service that reflects our reputation for excellence."

Richard Brunt, Managing Director of FENICS said "We are delighted Moneycorp has chosen to use our software to support and add scalability to its FX options operations. The Money Services industry is a growing market for us, as participants understand the benefits of partnering with an institution that has vast experience in the complex FX derivatives space."

Brunt added, "MoneyCorp has been able to leverage the openness, ease of integration and high degree of customisation achievable with FENICS, to deliver a highly flexible, transparent and granular risk reporting and FX option valuation solution."

FENICS offers technology that delivers a scalable, front to back solution to control, monitor and oversee every aspect of FX option trading and lifecycle management.
FENICS is used at over 350 client sites worldwide with thousands of end users from all across the financial markets benefiting from its solutions. 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.response.ncr.comvisit http://info.nice.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11741 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8538 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7025 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6682 views comments | 19 tweets | 11 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
6320 views comments | 17 tweets | 35 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job