FENICS Exotics

FENICS Exotics provides customers with access to cutting edge math models within the familiar FENICS Professional pricing page.

FENICS Exotics is a powerful collection of models that can be used to price all major exotic instruments. FENICS Exotics pricing models are carefully tailored to work the way a market practitioner would expect to use them in the FX markets. Attention is paid to producing both an accurate price and also to producing a tradable bid/ask spread, that can be immediately quoted, without requiring manual intervention.

• Supports the pricing of all common types of single and double barrier and digital  products  (18 in total)
• Enables automatic weighting of theoretical value adjustment, without the need for further calculation and empowers sales to price accurately without trader intervention.
• Facilitates transparency and efficiency through direct entry and display of volatility smiles using market traded butterfly and risk reversals.
• Allows the user to perform automatic/ algorithmic spreading of price for all classes, including options that cannot be spread using conventional techniques applied to vanillas.
• Captures market practise, through the application of haircuts and gearing to high and low theoretical value digital and barrier options.
• Allows the user to select from three different derivative calculation methods depending on whether speed or complexity is the priority.
• The dVega default parameter configuration can be modified and saved by the user.

Learn more about GFI FENICS - www.gfigroup.com/gfifenics