Top Banks sign up to GFI’s Revaluation Fixings

GFI, the broker, market data and analytical software provider announced that JP Morgan Chase, Bank of America, Deutsche Bank and Bank of Montreal have signed up to receive GFI’s FX Option Revaluation Fixings, the company’s initiative to help risk managers control risk exposure in currency options markets. GFI provides risk managers in banks, other financial institutions and buyside firms with hard-to-find, independent, real time and historical market data, enabling them to accurately and independently revalue their FX derivative portfolios to comply with new accounting standards.GFI sets daily, at 10am EST implied volatility surfaces for over-the-counter FX options for 31 of the most frequently traded currency pairs. The data will reflect actual, traded, inter-bank prices “live” with GFI, supplemented with quotes from the company’s brokers....continued

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