Leading pricing and risk management system for new volatility fund
London – June 2nd 2008 – Quaesta Capital, a Swiss financial services provider, has gone live with FENICS FX – pricing and risk management software from GFI (Nasdaq: GFIG).
Quaesta Capital is using FENICS for managing vanilla and exotic FX option positions in its new v-Pro, a long/short FX volatility program.
Harald Hild, v-Pro’s principal portfolio manager said “With volatility strategies you need active and dynamic trade management. For us at Quaesta Capital, risk and position management is critical to generate attractive and sustainable absolute returns for our investors – and FENICS FX is great for exactly this.”
“The FX market continues to develop,” said Richard Brunt, GFI’s global head of FENICS sales, “and currency fund managers who are developing innovative investment products – as Quaesta Capital is doing with v-Pro – are another new area where FENICS can be deployed”.
Quaesta’s licence covers FENICS’s Pricing, Security, Live rates and Analysis modules. V-Pro was launched at the end of May.
The deal was signed in December last year and FENICS went live at Quaesta in April.
About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (www.GFIgroup.com) is a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI Group Inc. provides brokerage services, market data and trading platform and analytics software to institutional clients in markets for a range of credit, financial, equity and commodity instruments.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,700 people with additional offices in London, Paris, Dubai, Hong Kong, Shanghai, Tokyo, Singapore, Sydney, Seoul, Cape Town, Calgary, Englewood (NJ), and Sugar Land (TX). GFI provides services and products to over 2,200 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI™, GFInet®, CreditMatch®, GFI ForexMatch™, EnergyMatch®, FENICS®, Starsupply®, Amerex® and Trayport®.
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GFI Group Inc.
+ 44 (0)20 7877 8049