FENICS Trader provides customers with access to several major liquidity-providing banks via seamless electronic workflows.
This new generation of electronic FX option trading enables liquidity-providing banks to distribute their proprietary volatility surfaces straight into FENICS Trader, which customers can use to calculate indicative prices. Traders can then request a quote directly from their choice of liquidity bank and electronically execute on the response. Trade details can be reviewed on the GFI Blotter and imported via STP (straight-through processing) into the GFI FENICS database. |
- FENICS Trader offers users one single, efficient interface for price discovery, quote request, trade execution and STP.
As a result, customers benefit from:
- access to full volatility surfaces for major currency pairs and various crosses from liquidity banks
- a choice of supplier bank scenarios for indicative pricing
- single click submission of quote request from pricing page
- electronic execution on any live quote
- reduced operational risk through a single, automatic STP connection
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