FENICS Provides Middleware Solution To Chinese Institution To Enhance FX Analysis
- GFI-owned pricing, trading, risk management and STP solution provider FENICS has today announced that it is to further its relationship with Bank of Communications by providing middleware to enhance FX options analysis.
Whilst retail FX trading is notable by its absence in China, the banking sector in the nation’s financial capital, Shanghai, is something of a powerhouse and home to large scale, domestic institutional firms.
One such institution is the Bank of Communications, which today deployed its new middleware solution provided by FENICS, which is owned by interdealer broker GFI Group, in order to enhance FX options analysis, encompassing a pricing and 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 system for foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term options. The bank will be able to deploy FENICS Professional globally with improved system integration.
Richard Brunt, Managing Director of FENICS, made a corporate statement today that the company is “very pleased Bank of Communications has recently extended their subscription to FENICS Professional, and are also now benefitting from a more sophisticated and integrated front to back FX Options workflow, as a result of close collaboration with the FENICS Professional Services team.”
Richard Brunt,
Managing Director of FENICS
“Our continued investment in technology, coupled with an industry leading consulting division, means we have been very well placed to assist our clients with their integration requirements, no matter the level of complexity involved.”
Jeffrey Jin at Bank of Communications publicly stated that: "We have found that the flexibility in analyzing our positions, is key to enhancing operations. We have selected FENICS Professional on the basis of its ability to provide this analysis, and to also connect to our back office system seamlessly, making our business more efficient”
Whilst retail FX trading is notable by its absence in China, the banking sector in the nation’s financial capital, Shanghai, is something of a powerhouse and home to large scale, domestic institutional firms.
One such institution is the Bank of Communications, which today deployed its new middleware solution provided by FENICS, which is owned by interdealer broker GFI Group, in order to enhance FX options analysis, encompassing a pricing and 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 system for foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term options. The bank will be able to deploy FENICS Professional globally with improved system integration.
Richard Brunt, Managing Director of FENICS, made a corporate statement today that the company is “very pleased Bank of Communications has recently extended their subscription to FENICS Professional, and are also now benefitting from a more sophisticated and integrated front to back FX Options workflow, as a result of close collaboration with the FENICS Professional Services team.”
Richard Brunt,
Managing Director of FENICS
“Our continued investment in technology, coupled with an industry leading consulting division, means we have been very well placed to assist our clients with their integration requirements, no matter the level of complexity involved.”
Jeffrey Jin at Bank of Communications publicly stated that: "We have found that the flexibility in analyzing our positions, is key to enhancing operations. We have selected FENICS Professional on the basis of its ability to provide this analysis, and to also connect to our back office system seamlessly, making our business more efficient”