Fenics, a leading provider of FX options software, announced today that Nittan Capital, a leading inter-dealer broker in the Asia-Pacific region specializing in financial derivatives between banks and authorized financial institutions, has licensed Fenics Professional, a pricing and risk management system for foreign exchange options.
Nittan Capital has deployed FENICS Professional in its Singapore and Hong Kong offices.
Richard Brunt, Managing Director of FENICS, said: "We are delighted that Nittan Capital has selected FENICS Professional as their FXO system, delivering a high level of integration via our locally based Professional Services Group. This is an exciting time for FENICS in the Asia region, as we continue to widen our client base. Our investment in development and support resources in Asia is on-going and is something that we will look to accelerate in 2014".
Chris Butcher, Head of Regional Currency Options at Nittan Capital said: "We have selected FENICS Professional over the competition not only on the basis of its reputation in the FX Options market place but also because of FENICS' ability to connect to our back office system seamlessly, making our business process more efficient and allowing us to better service our customers."
The FENICS Professional STP API allows Nittan Capital staff to quickly and accurately capture FX option trade details and send them through to their back office systems and to their client network without the need for re-keying or human intervention.
FENICS Professional is a suite of pricing, distribution, risk management, analytics and STP (straight-through processing) components allowing customers to control, monitor and oversee a comprehensive range of FX option trading and lifecycle management from one single interface.
FENICS is licensed to over 350 clients worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.