Currency Exchange Broker to lease FENICS Professional™
London, December 8, 2014 – FENICS®, a leading provider of FX options software, announced today that TTT MoneyCorp Ltd “MoneyCorp”, the UK’s leading independent foreign currency exchange broker, has licensed FENICS ProfessionalTM, a FX derivatives pricing and risk management system, to support the expanding range of foreign exchange products and services offered to its clients.
Powered by FENICS Professional, Moneycorp has deployed an integrated solution for FX option risk valuation and life cycle management, seamlessly embedded into MoneyCorp’s new FOX technology platform.
Henry McKeon, Chief Information Officer at MoneyCorp said “Central to MoneyCorp’s philosophy is to develop a service anticipating the changing needs of the market and of our customers. We chose FENICS because of their 27 years of experience and proven track record in the FX derivatives space”, and added, “We have been able to build an innovative platform supported by FENICS technology. This reflects our pioneering, creative approach to challenges and provides our clients with a level of service that reflects our reputation for excellence.”
Richard Brunt, Managing Director of FENICS said “We are delighted Moneycorp has chosen to use our software to support and add scalability to its FX options operations. The Money Services industry is a growing market for us, as participants understand the benefits of partnering with an institution that has vast experience in the complex FX derivatives space.”
Brunt added, “MoneyCorp has been able to leverage the openness, ease of integration and high degree of customisation achievable with FENICS, to deliver a highly flexible, transparent and granular risk reporting and FX option valuation solution.”
FENICS offers technology that delivers a scalable, front to back solution to control, monitor and oversee every aspect of FX option trading and lifecycle management.
FENICS is used at over 350 client sites worldwide with thousands of end users from all across the financial markets 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 27 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 analytics is supported with an abundance of independent market data sourced directly from GFI’s trading systems. 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, Singapore, Hong Kong, and Tokyo.
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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