The latest release of GFI FENICS® FX, a powerful front, middle and back office platform for pricing, analyzing and managing options offers customers a range of new enhancements highlighted by:

• 9 new option classes fully supported throughout GFI FENICS® - 
  Fast, accurate currency option price discovery of vanilla and a wide range of exotic options.
  
• Detailed P&L attribution in analysis - 
  Several new fields have been added to GFI FENICS® FX along with a new default report.  With this report, users can isolate shifts in P&L to the source of the shift; new trades, amended trades, elapse of time, changes in spot, changes in volatility or changes in other market rates.
  
• Position Server – constantly updates positions in real-time - 
  New Position Server will continually create and update positions in database, so that running position reports will only require calculating the stored positions using the new market data.  The  Position Server provides a dramatic increase in position reporting performance for customers with large numbers of open tickets. 
  
• Support for multi-currency option risk reporting in analysis - 
  New fields have been added to the API to better support analysis of baskets and other multi-currency options.  
• Improved volatility smile interpolation - 
  A new volatility interpolation method, named Market Spline by Strike, has been created to ensure that market quoted volatilities for butterflies and risk reversals are equal to the sum of their parts.  This addresses issues seen with currencies such as USD/JPY where vols of butterflies and risk reversals diverge.
  
• Improved support for pricing long-dated options - 
  A new field name Discount Factor has been added to GFI FENICS® FX. It becomes visible in the markets section of all pages when 'Field Display' is maximized.  The default value is calculated from the displayed depo value.  Bluing this field will re-calculate the corresponding depo.
  

GFI FENICS® ENTERPRISE

GFI FENICS® FX 11.1 incorporates GFI FENICS® ENTERPRISE a separately licensed suite of server components,combining the power of GFI FENICS® FX with the flexibility of enterprise wide distribution it helps customers increase operationalefficiency, improve reporting and automate post-trade. With a central server performing all the calculations, users can access the various components from any location, using a standard internet browser application.