GFI announced the launch this week of its Fenics Trader FX options platform. The announcement follows a soft launch over the last six months involving 20 GFI Clients. The company claims that volumes have reached 120 trades per month.
The platform, with quoting on a request-for-quote (RFQ) rather than streaming basis, is supported by prices from nine market-making banks including BNP Paribas, Commonwealth Bank of Australia, Credit Suisse, UBS and UniCredit.
Initially Fenics Trader supports European vanilla and associated simple two-legged structures (straddles, strangles and risk-reversals).
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