Wall Street Systems Partners With GFI FENICS(r) FX

Wall Street Systems (Wallstreet) has partnered with GFI FENICS(r) FX to provide real-time STP for FX derivatives processing
By None

Wall Street Systems (Wallstreet) has partnered with GFI FENICS(r) FX to provide real-time STP for FX derivatives processing.

According to a spokesperson, clients who take the integrated offering will benefit from pre-trade price discovery and risk management of single legged and structured options from GFI FENICS(r) FX, with confirmation and matching, cash management, cash reconciliation and settlement from Wallstreet.

GFI FENICS(r) FX is a front, middle and back office platform for pricing and risk management, focusing on FX option trading and lifecycle management. FENICS(r) FX can be deployed via traditional desktop, internet or intranet using the FENICS(r) Enterprise server components.

Wallstreet provides trade processing and settlement. Its e-Operations portal allows bank clients to access their post trade information via the web. The joint solution is available via Wallstreet FX, the front to back transaction processing solution and Wallstreet’s Electronic Settlement Network (ESN), the new pay-as-you-go post trade processing utility for capital markets.

ESN covers FX cash, FX derivatives, money markets, vanilla interest rate derivatives as well as listed futures and options.

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