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Malaysia's RHB Banking Group Deploys FX Options System

The fourth largest integrated banking group in Malaysia chose the latest version of GFI Group's Fenics Professional with a broad range of tools for their FX derivatives business.

Malaysia’s RHB Banking Group has deployed GFI Group’s Fenics Professional, a leading FX options system, as part of an expansion of the bank’s relationship with the firm.

RHB has deployed Fenics Professional version 12.1. which includes new functionalities: Fenics Sales, Fenics Trader and the latest version of Fenics Exotic Math Models, according to today’s release.

The system provides RHB with capabilities such as volatility surface management, internal RFQ (request for quote) and automatic term sheet generation.

“Licensing FENICS Professional is a step further in our relationship with GFI FENICS. At RHB, we work to be on top of the market with the range and depth of services and products we can offer our clients,” stated Johari Muid, Managing Director, RHB Bank in the release.

According to Elliott Hann, head of sales for GFI Fenics in Asia, “RHB is now equipped with the latest version of our system which provides a broader range of tools for their FX derivatives business”.

RHB Banking Group is currently the fourth largest fully integrated financial service group in Malaysia and has been a client of GFI FENICS since 2008. Fenics Professional is a suite of pricing, trading, risk management and straight-through processing (STP) components allowing customers to control, monitor and oversee a comprehensive range of FX option trading and lifecycle management from one single interface.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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