Nittan Capital Chooses Fenics for FX Options Risk and Pricing

Fenics Professional, from GFI subsidiary Fenics, is a suite of pricing, distribution, risk management, analytics and straight-through processing components that allow customers to control, monitor and oversee a range of FX option trading and lifecycle management from one interface. Nittan will use the Fenics application programming interface (API) to capture FX option trade details and send them through to their back office systems and client network without re-keying or human intervention.

"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," says Chris Butcher, head of regional currency options at Nittan Capital.