September 25, 2008

GFI Releases Fenics Enterprise Suite

GFI Group, an inter-dealer broker specializing in over-the-counter derivatives products and related securities, has released Fenics Enterprise, available through Fenics FX 11.1, a new version of its pricing and risk management software.

According to the company, Fenics Enterprise is a suite of separately-licensed server components that enable clients to view prices and analytical reports generated by Fenics FX over the internet or a company intranet.

The Fenics FX 11.1 release also includes new option classes, profit and loss attribution analysis and a real-time position server and many other enhancements to its existing clients, said GFI Group.

Richard Brunt, global head of Fenics at GFI Group, said: "Fenics Enterprise moves Fenics pricing and analytics functionality to where our clients need that capacity. Clients can use the server components of Fenics FX and integrate them fully into their existing technology infrastructure, combined with their proprietary data, using websites, intranets and spreadsheet front ends. With Fenics Enterprise, banks can provide web-based pricing and reporting both internally and externally, customize and improve their workflows, and communicate via XML with other proprietary systems."