GFI's FX Platform Makes Changes
"We are delighted to be taking responsibility for building on the success of Fenics Trader under the GFI Direct brand," says Paul Millward, head of FX e-commerce at GFI Group. "In addition, we will develop the GFI Direct product as a key part of GFI's FX ecommerce strategy".
GFI Direct will be available as a trading venue via the Fenics Professional desktop, with auto population of order requests to GFI Direct and straight-through processing of post trade details for risk management and downstream processing, according to Richard Brunt, managing director of Fenics.
Fenics Trader is a single point of access to multi-bank liquidity for foreign exchange options. It facilitates independent FX options price discovery, offering a "many-to-many" venue for bilateral trading and execution.
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