GFI Expands Fenics with Bank Volatilities
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London-based interdealer broker GFI is expanding the coverage of its Fenics pricing and risk tool to include volatility surfaces—the methods by which options are priced—from bank clients.
The first of these is from Bank of America, whose FX options volatility surfaces will be in a new release of the Fenics software, version 9.1, to be released this week, officials say.
Until now, GFI has provided its own data over the system via a direct feed of market rates from the interdealer market, sourced
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