GFI offers FX Options pricing to Hedge Fund
- GFI Group a leading wholesale brokerage firm has licensed its award winning FENICS professional pricing software to HAP Capital, a New York based hedge fund.
GFI Group a leading wholesale brokerage firm has licensed its award winning FENICS professional pricing software to HAP Capital, a New York based hedge fund.
FENICS was chosen amongst other platofrms to rpovide a cmpelte front to back soltuion for HAP capital quantitvare taders. FENICS Professional is a powerful front, middle and back office platform for pricing, analyzing, and managing FX options. An end-to-end solution, it provides all the necessary tools, math models and independent market data for fast, accurate price discovery and revaluation of vanilla options and exotic multi-leg, multi-currency strategies.
HAP Capital acts as a Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and efficiency provider to the marketplace and differentiates itself from most other firms in the space in its internally-developed quantitative approach to its trading strategy and business model.
Andrew Dexter, Head of FX Options at Hap Capital said, "After evaluating numerous systems for FX Options that cover pricing, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, and transaction processing, we decided that GFI FENICSSM was clearly the best choice. Their platform, FENICS Professional, provides us with the accuracy, ease of use and scalability we require to support and grow our business", and added, " FENICS' customer support team provides fantastic training and ongoing support to help us get the most out of the platform and be more efficient.".
Market volatility since the summer months has put pressure on prcie discopvery softwares, GFI's FENICS has proven to be a robust platofrm for the buy side as the platform is licensed to over 350 clients worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.
Traditional FX brokers have been looking to expand their product foothold by introducing FX options, Alpari had tied up with FX Brideg as it saw potential in the retail options market.
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GFI Group a leading wholesale brokerage firm has licensed its award winning FENICS professional pricing software to HAP Capital, a New York based hedge fund.
FENICS was chosen amongst other platofrms to rpovide a cmpelte front to back soltuion for HAP capital quantitvare taders. FENICS Professional is a powerful front, middle and back office platform for pricing, analyzing, and managing FX options. An end-to-end solution, it provides all the necessary tools, math models and independent market data for fast, accurate price discovery and revaluation of vanilla options and exotic multi-leg, multi-currency strategies.
HAP Capital acts as a Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and efficiency provider to the marketplace and differentiates itself from most other firms in the space in its internally-developed quantitative approach to its trading strategy and business model.
Andrew Dexter, Head of FX Options at Hap Capital said, "After evaluating numerous systems for FX Options that cover pricing, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, and transaction processing, we decided that GFI FENICSSM was clearly the best choice. Their platform, FENICS Professional, provides us with the accuracy, ease of use and scalability we require to support and grow our business", and added, " FENICS' customer support team provides fantastic training and ongoing support to help us get the most out of the platform and be more efficient.".
Market volatility since the summer months has put pressure on prcie discopvery softwares, GFI's FENICS has proven to be a robust platofrm for the buy side as the platform is licensed to over 350 clients worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.
Traditional FX brokers have been looking to expand their product foothold by introducing FX options, Alpari had tied up with FX Brideg as it saw potential in the retail options market.