View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 26, 2010

Mizuho Bank of Japan Selects Fenics Professional From GFI Group

Mizuho Bank of Japan has deployed Fenics Professional, a FX system from GFI Group, a provider of wholesale brokerage, electronic execution and trading support products for global financial markets.

By CBR Staff Writer

Fenics Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components that allows customers to control, monitor and oversee every aspect of FX option trading and lifecycle management from one single interface.

Satoshi Ishii, manager of derivatives and foreign exchange division said: “Fenics Professional has a large market share as a pricing tool of the FX options market and is a must for inter-bank trading. We highly value Fenics Professional for its robust functionality for pricing, calculation of non-linear risks, structured pricing functionality, and market data. It is a strong tool to support dealers’ portfolio management.

Atsuo Kanazawa, head of GFI Fenics in Japan, said: The new release of GFI Fenics -Fenics 12.1- will include functionality that has come directly from client feedback, such as the addition of sales term sheets, the ability to spread prices by counterparty, and the tools to distribute retail structures directly to sales and branch networks. It is this scalability of Fenics Professional that continues to attract blue ribbon clients to the product.”

Richard Brunt, global head of a GFI Fenics, said: “Our business across the Asia-Pacific region continues to grow strongly as our existing clients across this part of the world continue to expand their usage and as we attract new customers through our innovative development.”

New York-based GFI Group provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments. Fenics Software is a wholly owned subsidiary of GFI Group.

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.