In Brief, May 31, 2010

technology arms race

GFI scores in Israel with Fenics Pro 12.1
Israeli bank Mizrahi Tefahot is now using the latest version of GFI’s Fenics Professional in a three-year contract for its options business. Fenics Professional version 12.1, a pricing and risk management system for forex options, can now spread prices by counterparty and distribute retail structures to sales and branch networks, and includes sales term sheets. Doron Levy, dealing room manager at Mizrahi Tefahot, said Fenics Professional is integrated

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