Taiwanese Yuanta Bank Connects to FENICS Gateway for FX Options
- The Taiwanese bank extended its FENICS Professional license which integrates within itself pricing, distribution and analytics allowing for the management of an FX option lifecycle through the platform.
One of the leading Taiwanese commercial banks, Yuanta, is the latest institution to connect to FENICS, according to a company announcement. FENICS Gateway is one of the leading FX options software solutions. In addition, the Taiwanese bank extended its FENICS Professional license.
The FENICS Professional service integrates within itself pricing, distribution and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt allowing for the management of an FX option lifecycle through the platform.
The FENICS Gateway software messaging hub allows professional clients to access a variety of multi-bank and single bank transactional venues for trading FX options. The solution operates with a Straight Through Processing (STP) model and allows connectivity of post-trade details between the counterparties in the transaction.
FENICS Gateway supports STP for FX options, precious metals, NDFs, spot and forward trades.
“We are delighted that Yuanta Bank has extended its relationship with FENICS, and joined the growing community using FENICS Gateway for post-trade messaging,” said Richard Brunt, Managing Director of FENICS.
Mr. Brunt elaborated on the product offering explaining, “FENICS Gateway was soft launched at the turn of the year and has already processed in excess of a thousand trades a month between Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co venues and FENICS clients. We expect the volumes to continue to grow as more clients and publishers come on board.”
FENICS is currently used on over 350 client sites worldwide.
One of the leading Taiwanese commercial banks, Yuanta, is the latest institution to connect to FENICS, according to a company announcement. FENICS Gateway is one of the leading FX options software solutions. In addition, the Taiwanese bank extended its FENICS Professional license.
The FENICS Professional service integrates within itself pricing, distribution and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt allowing for the management of an FX option lifecycle through the platform.
The FENICS Gateway software messaging hub allows professional clients to access a variety of multi-bank and single bank transactional venues for trading FX options. The solution operates with a Straight Through Processing (STP) model and allows connectivity of post-trade details between the counterparties in the transaction.
FENICS Gateway supports STP for FX options, precious metals, NDFs, spot and forward trades.
“We are delighted that Yuanta Bank has extended its relationship with FENICS, and joined the growing community using FENICS Gateway for post-trade messaging,” said Richard Brunt, Managing Director of FENICS.
Mr. Brunt elaborated on the product offering explaining, “FENICS Gateway was soft launched at the turn of the year and has already processed in excess of a thousand trades a month between Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co venues and FENICS clients. We expect the volumes to continue to grow as more clients and publishers come on board.”
FENICS is currently used on over 350 client sites worldwide.