Merrill Lynch Takes Fenics

DATA CONSUMERS

Merrill Lynch has deployed the Fenics FX options pricing software from New York-based broker and vendor GFI Group globally. The software went live at more than 100 positions last month, according to GFI.

"Developing this technology in-house is not cost-effective," says Jay Morreale, global head of FX technology at Merrill Lynch in London. "Our development teams are pleased with the advanced customization and integration tools."

Merrill has adopted Fenics as a global standard for all of its FX

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