BAWAG licenses GFIs FENICS FX

BAWAG Bank, a Czech bank, has taken a three-year licence for FENICS FX - pricing and risk management software from GFI.

First Published by e-Forex News: July, 2008

BAWAG Bank, a Czech bank, has taken a three-year licence for FENICS FX - pricing and risk management software from GFI. The bank will use FENICS to price fx options.
Jiri Mach, head of treasury sales at BAWAG said, “To be able to meet our clients’ increasing demand for FX option hedging, we at BAWAG need to price not just vanilla fx options but also exotic, multi-leg, multi-currency strategies. FENICS FX easily handles all of these and provides us with the tools required for fast and accurate price discovery, allowing us to quote competitive and indicative prices quickly to our clients and take advantage of market opportunities.”