Asian inter-dealer brokerage appoints FENICS for pricing, deal capture and STP
New York, November 12, 2013 – FENICS®, a leading provider of FX options software, announced today that Nittan Capital, a leading inter-dealer broker in the Asia-Pacific region specializing in financial derivatives between banks and authorized financial institutions, has licensed FENICS ProfessionalTM, a pricing and risk management system for foreign exchange options. Nittan Capital has deployed FENICS Professional in its Singapore and Hong Kong offices.
Richard Brunt, Managing Director of FENICS, said: “We are delighted that Nittan Capital has selected FENICS Professional as their FXO system, delivering a high level of integration via our locally based Professional Services Group. This is an exciting time for FENICS in the Asia region, as we continue to widen our client base. Our investment in development and support resources in Asia is on-going and is something that we will look to accelerate in 2014”.
Chris Butcher, Head of Regional Currency Options at Nittan Capital said: “We have selected FENICS Professional over the competition not only on the basis of its reputation in the FX Options market place but also because of FENICS’ ability to connect to our back office system seamlessly, making our business process more efficient and allowing us to better service our customers.”
The FENICS Professional STP API allows Nittan Capital staff to quickly and accurately capture FX option trade details and send them through to their back office systems and to their client network without the need for re-keying or human intervention.
FENICS Professional is a suite of pricing, distribution, risk management, analytics 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.
FENICS is licensed to over 350 clients worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.
About FENICS www.FENICS.com
FENICS® Software Limited is a wholly owned subsidiary of GFI Group Inc., a leading provider of wholesale brokerage services and trading support products in a multitude of global cash and derivatives markets.
FENICS has more than 25 years’ experience of providing intuitive price discovery software to currency derivative markets. Its ability to deliver powerful and accurate price discovery and revaluation is enhanced by GFI’s presence as an important independent intermediary in OTC markets. FENICS’ leading foreign exchange option pricing and analysis tool is licensed for use at over 350 client sites worldwide. FENICS operates from offices in London, New York, Shanghai, Singapore, Hong Kong, Tokyo and Sydney.
Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the “Company”) and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company’s brokerage services; competition from current and new competitors; the Company’s ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company’s ability to identify and develop new products and markets; changes in laws and regulations governing the Company’s business and operations or permissible activities; the Company’s ability to manage its international operations; financial difficulties experienced by the Company’s customers or key participants in the markets in which the Company focuses its brokerage services; the Company’s ability to keep up with technological changes; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. Further information about factors that could affect the Company’s financial and other results is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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