Bank SinoPac to use Fenics for currency options pricing

The bank will also buy several other software tools from GFI, the broker and software provider that acquired Fenics in 2001. These will allow the bank to customise the Fenics system and integrate it within its own middle- and back-office systems, GFI said.

“We have chosen Fenics because it is a robust trading and development environment,” said Henry Chang, head of trading at Bank SinoPac. “While our traders will benefit from its exotic maths pricing, the quantitative specialists will have the flexibility to implement their own maths models into Fenics for their own requirements.”

He added that GFI's straight-through processing capability would allow Fenics to be linked to the bank’s recording system.

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