Chohung Bank chooses Fenics FX

GFI Group Inc.

October, 2004

GFI Group Inc. has announced an agreement with Chohung Bank, the oldest and one of the largest financial institutions in South Korea to install FENICS FX as its benchmark pricing, analytical and revaluation system for the FX options markets. FENICS FX will be implemented in Chohung Banks FX option trading operations with pricing, real-time market data, analytics and revaluation services designed to enhance risk management of the banks daily FX options positions.
Chohung Bank follows a number of other banks in South Korea in using GFIs FENICS FX platform. Lead by Koram Bank, other GFI clients in the region include Woori Bank, Shinhan Bank and Korean Development Bank.