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Foreign Exchange

Cambridge Mercantile joins GFI Fenics

Cambridge Mercantile, a Canadian payment-services firm, has joined GFI Fenics Professional, the US interdealer broker’s FX options trading suite.

Fenics offers pricing, trading, risk management and straight-through processing services for FX options. Some 350 buy- and sell-side FX options players use the software globally.

Bernard Heitner, Cambridge Mercantile’s chief executive officer, says: “We evaluated several systems for FX options pricing, risk management and transaction processing. Fenics Professional provides risk reporting that is easily tailored to the requirements of our FX options workflow, making it the best platform to suit our needs. The GFI Fenics customer-support team provides in-depth training and ongoing support to help us get the most out of Fenics Professional.”

Sue Poulin, commercial head of GFI Fenics for the Americas, adds: “Fenics Professional allows us to cater to the needs of clients in many different market segments as it provides a robust solution for FX options analysis, pricing and reporting... GFI Fenics has seen strong growth in the Americas over the past year as it continues to prove itself as a market-leading solution in FX options.”

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