BGC Partners to Deliver FENICS FX Options Platform to Dah Sing Bank

The Hong Kong-based bank also has branches in Macau and China

BGC Partners has been selected by Hong Kong-based Dah Sing Bank to deploy its FX Options data solution under the FENICS brand. The global brokerage company which has been servicing the financial and real estate markets will implement its market data FX Options product to power the institution’s FX options pricing and distribution.

Dah Sing Bank also has representative offices in mainland China and Macau. The firm is listed on the Hong Kong Stock Exchange, and its current market cap is close to $3.3 billion.

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FENICS Market Data

The FENICS product which BGC Partners is delivering to the Hong Kong-based bank includes two components: FENICS PRO for its math libraries as well as FENICS TS for institutional distribution. The partnership involves the integration of the FENICS solution into the Bank’s existing systems, both proprietary and those provided by third parties.

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“We are delighted that Dah Sing Bank has joined the growing FENICS community. Since its launch in 2017, FENICS TS has attracted new clients across the globe who are looking to deploy an enterprise-wide solution for FX Options through a single integrated pricing platform,” said Richard Brunt, Managing Director at FENICS.

The partnership comes at a critical time with new regulations coming into effect. Dah Sing Bank’s partnership with BGC Partners is providing it with an opportunity to diversify technology suppliers and deliver to its client’s mix with an all-encompassing solution that helps compliance.

Commenting on the deal, the General Manager and Head of Treasury Sales and Marketing of Dah Sing Bank, Mr. Steve Yu, said, “Our top priority has always been to provide excellent service to our customers. We selected FENICS because of their proven track record as a comprehensive FX Options technology provider, together with their strong field support and local based development team.”

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