|12 Dec 2016||FENICS(r) Software Ltd. announced that Global Reach Partners, a leader in global foreign exchange, has licensed FENICS PRO, the award-winning FX derivatives workflow solution.|
LONDON - December 12th, 2016 -- FENICS(r) Software Ltd. announced that Global Reach Partners, a leader in global foreign exchange, has licensed FENICS PRO, the award-winning FX derivatives workflow solution.
FENICS PRO has been implemented to enable Global Reach Partners to further boost its robust risk management and mark-to-market capability. The solution will be deployed alongside and integrated with the existing proprietary risk system at Global Reach Partners, delivering a seamless solution.
Richard Brunt, Managing Director of FENICS, said: "We are delighted Global Reach Partners has chosen to use FENICS PRO. We look forward to supporting their European team, as they work to provide deeper analytical services for themselves and their customers." Brunt added: "FENICS has become widely deployed among the MSB (Money Service Business) participants, and it is an area in which we expect to see continued growth."
Richard Chunn, Head of Technology & Partner at Global Reach Partners, commented: "Our first priority is to provide excellent service to our clients. We are growing our business and our solutions to meet growing needs around the world, which is why working with the right partners is crucial. Specifically, FENICS's ability to provide the right solution, with deep integration capability, was essential for us."
FENICS PRO is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to control, monitor and oversee a comprehensive range of FX option trading and lifecycle management from one single interface.
Global Reach Partners is a company with a worldwide capability in financial services, combined with expertise and experience in foreign exchange. It provides services for institutions, large corporates, SMEs and consumers.
About BGC Partners, Inc.
BGC Partners is a leading global brokerage company servicing the financial and real estate markets. BGC owns GFI Group Inc., a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets. The Company's Financial Services offerings include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. BGC provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post trade, information, and other services to a broad range of financial and non-financial institutions. Through brands including FENICS, BGC Trader, Capitalab, and BGC Market Data, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets.
Real Estate Services are offered through brands including Newmark Grubb Knight Frank, Newmark Cornish & Carey, ARA, Computerized Facility Integration, Landauer Valuation& Advisory, and Excess Space. Under these names, the Company provides a wide range of commercial real estate services, including leasing and corporate advisory, investment sales and financial services, consulting, project and development management, and property and facilities management.
BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick<http://www.bgcpartners.com/bgc/management/howard-w-lutnick/>. For more information, please visit http://www.bgcpartners.com<http://www.bgcpartners.com/>. You can also follow the Company at https://twitter.com/bgcpartners and/or https://www.linkedin.com/company/bgc-partners.
BGC, BGC Trader, GFI, FENICS, FENICS.COM, Capitalab, Swaptioniser, Newmark, Grubb & Ellis, ARA, Computerized Facility Integration, Landauer, Landauer Valuation & Advisory, and Excess Space, Excess Space Retail Services, Inc., and Grubb are trademarks/service marks, and/or registered trademarks/service marks and/or service marks of BGC Partners, Inc. and/or its affiliates. Knight Frank is a service mark of Knight Frank (Nominees) Limited.
Discussion of Forward-Looking Statements about BGC Partners Statements in this document regarding BGC's businesses that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Except as required by law, BGC undertakes no obligation to release any revisions to any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC's Securities and Exchange Commission filings, including, but not limited to, the risk factors set forth in its public filings, including the most recent Form 10-K and any updates to such risk factors contained in subsequent Forms 10-Q or Forms 8-K.
+44 (0) 20 7894 7056
|30 Nov 2016||FENICS voted Best Vendor for Risk Management/ Options Pricing Software category at the 2016 FX Week Best Banks Awards. |
|26 Oct 2016||FENICS Prelude STP|
|31 Aug 2016||FENICS ranked #1 in three categories in the 2016 ASIA Risk Technology Rankings|
- Best Innovative Specialist Vendor 2016 (Asia Risk)
- No.1 Derivatives Pricing and Risk Analytics Foreign Exchange 2016 (Asia Risk)
- No.1 Trading Systems Foreign Exchange (Front-to-Back Office) 2016 (Asia Risk)
|11 Jul 2016||FENICS wins Best e-FX software provider award |
A year and a half after being acquired by BGC Partners as part of a takeover of rival broker GFI, options-pricing software provider Fenics continues to expand its footprint in the FX space as it moves ahead with its transition to become a provider of fully integrated e-commerce solutions.
Thanks to its price-distribution engine and a recently upgraded options platform, Fenics scooped the award for Best e-FX Software Provider in recognition of the company's growing customer base and increased focus on service.
"As our client base continues to grow and the way that Fenics is deployed changes, we respond in terms of our own structure. We've expanded our development team in north Asia to supplement the main centre in New York, to meet the development and deployment requirements of our fast-growing client base in the Asia region," says Richard Brunt, managing director of the company.
The build-out of the company's team comes as Fenics moves into the enterprise space with its distribution solution; an area where integrating clients takes more bespoke work and therefore requires more personnel support.
We had price-distribution functionality for some time, but this agnostic approach is us saying ‘we are totally indifferent to where you want it distributed and how you want the workflow'
John Crisp, Fenics
"Our product team in Hong Kong is already 25-strong and provides multi-language support for clients in that region. This investment in the region is one we fully expect to see continue as we expand capacity and breadth of service. The team in Asia has grown from the need of clients in markets such as China and Taiwan to be supported by a locally based development group, who can rapidly respond to local market and client requirements in local language," Brunt says.
The ability to support clients with local-language quants ensures that clients' model requirements are better understood and that future product releases are driven by these requirements.
John Crisp, the director of product and product strategy at Fenics, notes that one of the main benefits of the platform is its flexibility. Customers have different workflows and front-end requirements for their various user groups and they want the flexibility to switch in and out of different front-end strategies.
This quest for flexibility drove the decision to provide price distribution as a solution in an engine form.
"We had price-distribution functionality for some time, but this agnostic approach is us saying ‘we are totally indifferent to where you want it distributed and how you want the workflow'," says Crisp.
The growing list of regulatory requirements is also playing into the hands of the company, as it boosts demand for products that allow clients to be compliant with their obligations.
"The focus of our clients is on achieving best execution for their customers, even in areas such as Asia, where there is no direct regulatory pressure. Fenics provides a solution that enables clients to set up a rigorous process for handling incoming client orders via an automated dealing engine," he adds.
|7 Sep 2015||FENICS launches FENICS Professional 12.4 the latest version
of its award winning FX Options platform.|
London, September 7, 2015 – FENICS®, the market leading provider of FX options software and workflow solutions, today announced the release of FENICS Professional™ 12.4, including FENICS Dealing Engine, delivering automation of client-specific price generation, distribution and execution. FENICS 12.4 is available for upgrade to all FENICS Professional subscribers.
FENICS Dealing Engine can be accessed via a new execution panel which allows sales teams to view quotes, time to expiry and the ability to execute and book trades. Alternatively the same functionality can be accessed via a Dealing API which can be interfaced with third party systems or proprietary platforms. The Dealing Settings screen is provided to allow traders and business managers to define and monitor dealing rules.
John Crisp, Director of Product, commented: “FENICS 12.4 has been built in close collaboration with several of our long term customers. This has been very beneficial in ensuring that the workflow and user experience meets the market’s needs. It was equally important to recognize that some customers would want to avoid increasing the number of platforms on their sales desks. The Dealing API gives our customers the choice to integrate the new dealing functionality into their existing systems.”
Mr. Crisp continued: “Already we have engaged in discussions where innovative ideas on how FENICS Dealing could be deployed; from powering client facing e-commerce platform, to rolling our Sales solutions across the region or on a global basis”.
Richard Brunt, Managing Director of FENICS, stated, “The feedback on FENICS 12.4 has been excellent and we have already secured a significant new client during the soft launch phase. It is essential that we build on this early success, continue to listen to the feedback from our clients and deliver the solutions they require’.
FENICS is used at over 350 client sites worldwide with thousands of end users from all across the financial markets benefiting from its solutions.
For any queries or additional information please contact:
+44 (0) 207 877 8055
+1 212 829 4988
|5 Jun 2015||通貨オプション管理ソリューション FENICS Professional と
市場系統合ソリューション Prélude Enterprise の連携機能を開発|
2015 年5 月XX 日
FENICS Software Ltd.
FENICS Software Ltd.（本社：英国、マネージング・ダイレクター：リチャード・ブラント/東京支店長：金沢 淳夫、
社長：土橋 謙、以下：NDFS）は、FENICS 社の通貨オプション管理ソリューション「FENICS Professional」と、
NDFS の市場系取引向け総合ソリューション「Prélude Enterprise」の連携機能を開発し、2015 年8 月1 日から両
一方、NDFS が提供する「Prélude Enterprise」は、資金為替やデリバティブズ、有価証券といった幅広い金融商
こうした状況から、両社は2014 年10 月27 日に市場金融商品取引向けソリューションに関する業務提携を行い、
ョン取引のフロント業務を対象とする「ＦＥＮＩＣＳ Professional」と、「Prélude Enterprise」が持つミドル業務、バック
今回開発した連携機能を用いて「FENICS Professional」と「Prélude Enterprise」を連携させることで、通貨オプ
１． 「FENICS Professional」を用いて取引された通貨オプションと、「Prélude Enterprise」を用いて取引されたさま
２． リスク管理同様、期日管理や口座管理・仕訳等のバック業務においても、「FENICS Professional」を用いて取
３． Prelude を利用しているお客さまにおいては、世界の通貨オプション取引市場で認められている「FENICS
現在NDFS では、「FENICS Professional」と連携して海外の金融機関等に対してもサービス展開を図っていくた
め、「Prélude Enterprise」の英語化など、グローバル対応を進めており、2016 年までにまずはアジア地域での販
FENICS 社、NDFS それぞれの強みを生かした連携を行うことで、証拠金規制対応など新たなニーズへの対応
＊「FENICS Professional」は、FENICS Software Ltd.の登録商標です。
（注４） VaR(Value at Risk)とは、金融資産のリスクを分析する手法の一つであり、一定の条件下における損失予測額を示す。
（注５） FENICS GatewayTM とは、利用企業とさまざまな企業が提供する通貨オプション取引に関するサービスとの接続を行うためにFENICS
（1）名称 FENICS Software Ltd.
（3）代表者 マネージング・ダイレクター リチャード・ブラント
東京支店長 金沢 淳夫
（2）所在地 東京都千代田区神田錦町一丁目19 番地1 神田橋パークビルヂング 4 階
（3）設立 2008 年4 月1 日
（4）代表者 代表取締役社長 土橋 謙
（5）資本金 5,000 万円（100%株式会社ＮＴＴデータ出資）
FENICS Software Ltd.
担当： 金沢 淳夫 03-3552-5111
|5 Jun 2015||DDL Development of FENICS Professional and Prélude Enterprise|
of DDL of “FENICS Professional”, FX options technology and solution, and “Prélude Enterprise”,
multi-asset trading and risk management solution
NTT Data Financial Solutions Corporation
Fenics Software Limited (Managing Director: Richard
Brunt/Branch Head: Atsuo Kanazawa) (Fenics) and NTT Data Financial Solutions
Corporation (Representative Director/President: Ken Tsuchihashi) (NDFS) had
developed DLL functionality between “FENICS Professional”, which is FX options
technology and solution, and “Prélude
Enterprise”, which is integrated business management and will start providing this solution as of 1st August2015.
By utilizing this solution, financial institutions
and corporation who trade FX options can connect “FENICS Professional” and “Prélude Enterprise” and integrate their systems in
front (note 1), middle (note 2) and back offices (note 3) to enjoy total and real-time
solution. Both companies will offer this
solution for our current and future customers who have need to trade FX options
locally and globally.
FENICS is an
award winning provider of FX options technology and solutions and enjoys a well
established and growing global client base including banks, buy side financial
institutions and corporate treasuries.
On the other
hand, NDFS is the Japanese provider of Prélude, which is the multi-asset
trading and risk management solutions for funds exchange, derivatives and
securities, and already has more than 30 customers of financial institutions
with top share in the said field.
had agreed the business alliance about financial products on 27Oct2014, and had been discussing on our
collaboration. After much discussion, we
decided to develop new solution which integrated the capacities of “FENICS
Professional” and “Prélude” to connect front, middle and back office operations under the
assumption of increased needs for more precise pricing of FX options in the
market and streamline processing.
institutions, etc. use “FENICS Professional” for pricing FX options in front
office, it is necessary to input various trading data generated in FENICS and
other financial product data generated in “Prélude Enterprise” in middle and
back offices to separate system.
By using newly
developed integrated solution, with the connection of “FENICS Professional” and “Prélude Enterprise”, various traded data including FX
options and market data can be input in real time as one source into “Prélude Enterprise”, and users can easily manage
back office operation like risk analysis and settlement dates.
1. Trading data of
FX options generated in “FENICS Professional” and trading data of
products generated in “Prélude Enterprise” can be analyze their risks
in real-time and
integrated manner. It can
realize the management sophistication in
portfolio level such as calculation
of VaR (Value at Risk) (note 4), etc. in risk manage-
ment and P/L simulation.
2. Same as risk management, back office
operations like management of settlement
dates, account and journal, can be
managed the traded data of FX option generated
in “FENICS Professional” with
functionality in “Prélude Enterprise”.
This solution can
provide to integrate FX option trading, which has been managed separately with other
trading, or needed to develop separate solution to connect.
3. Prélude users can take
advantage of the industry standard pricing and analytics
Professional”, with its high-quality maths, user-friendly interface and
wide coverage of
products, and enjoy various services through FENICS Gateway (note
5) by use of this new
NDFS has been
preparing to corresponding globalization including English localization of Prélude to introduce
services toward global financial institutions with affiliation of FENICS and
targets to start its sales in Asia area in 2016.
NDFS will continue to promote the value-added service development by this
business alliance with combination of mutual feature benefits toward new needs
in financial market like counter measure for strengthening regulation for margin requirements
(note 1) Front office operations include negotiation
with customers and financial institutions to conclude financial contracts.
(note 2) Middle office operations include checking
of front office operation and
(note 3) Back office operations include business
management as management of settlement dates, fund payments, etc. regarding
(note 4) VaR (Value at Risk) is an analytic method to measure risks for
financial assets with forecasted loss amount in certain conditions.
(note 5) Regulation for margin requirements is a
regulation to aim stabilization of financial system at financial crisis to
require certain margining against non-centrally cleared derivative trading at
the risk of default of counter party.
Overview of FENICS
(1) Name: FENICS®
(2) Location: 1
Snowden Street, London EC2A 2DQ
Representative: Richard Brunt –
Kanazawa – Head of Tokyo Branch
Overview of NDFS
(1) Name: NTT DATA Financial
(2) Location: 4th Floor Kandabashi Park
Building, 1-19-1 Kanda Nishiki-cho,
(3) Establishment: 1 April 2008
Representative: Ken Tsuchihashi – Representative
(5) Capital: ¥ 50 million (100% owned by NTT
(6) Business: Computer software development and
Financial Solutions Corporation
Contact: Takuya Hara 03-6870-6205
|26 May 2015||FENICS renews its agreement to provide FX options data to ORE, a Leader in OTC option solutions |
London, May 26, 2015:
FENICS®, a leading provider of FX options software, announced today that
it has renewed and extended its agreement with ORE, a leader in retail-friendly OTC option solutions for web, mobile
and MetaTrader4 platforms. Under the terms of the agreement, FENICS
will continue to provide ORE with its composite feed for FX options data
derived from its premier option pricing, risk management, and lifecycle
Zoe Fiddes Head of Sales at
ORE, said: “Our philosophy is simple: create a great product and traders will
use it. We focus on making options trading simple and accessible. We renewed
and extended our agreement with FENICS because their FX option volatility data
allows us to offer a stronger product to our customers and FENICS’ data offers
us a deeper view of the market which provides great value to traders.”
“We are delighted to continue providing
ORE with an independent and comprehensive view of the market, delivered in real
time, through our FENICS XML API,” commented Diego Cruz, Head of Market Data
Sales at FENICS said. “Covering more than 140 currency pairs,
our offering is market leading and helps our clients like ORE innovate in the