Bank SinoPac to use Fenics for currency options pricing
One of Taiwan’s largest financial institutions, Bank SinoPac, has bought the Fenics system for pricing and analysing currency options.
“We have chosen Fenics because it is a robust trading and development environment,” said Henry Chang, head of trading at Bank SinoPac. “While our traders will benefit from its exotic maths pricing, the quantitative specialists will have the flexibility to implement their own maths models into Fenics for their own requirements.”
He added that GFI's straight-through processing capability would allow Fenics to be linked to the bank’s recording system.
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