GFI Buys Options Pricing Vendor

ORGANIZATION & STRATEGY

Interdealer broker and market data firm GFI Group has bought options pricing software provider dVega and integrated the dVega model with the latest release of its flagship options pricing tool Fenics FX, GFI will announce today, Oct. 27.

The move brings better pricing of exotic options to Fenics, whose strengths are seen to be in the field of vanilla options, say forex options traders.

"What Fenics is very good at is pricing vanilla options and the user puts his own volatility surface into t