Saxo Bank extends use of GFI FENICS FX

Saxo Bank is extending its use of GFI FENICS FX - pricing and risk management software from GFI Group, Inc.

First Published by e-Forex News: April, 2009

Saxo Bank is extending its use of GFI FENICS FX - pricing and risk management software from GFI Group, Inc. GFI FENICS FX acts as the bank's principal front office FX options trading system, incorporating traded interbank deals and the upload of clients' deals through the bank's internal back office and banking systems.

Saxo Bank extends use of GFI FENICS FX

"Saxo signing for a further three years is a significant endorsement of the continual investment that GFI makes in FENICS", said Richard Brunt, head of FENICS at GFI Group. "Straight-through processing and a comprehensive view of all foreign exchange risk are becoming increasingly important and GFI is pleased to be helping Saxo in these areas."