Wall Street Systems partners with GFI FENICS FX

31 March 2009

Wall Street Systems has partnered with GFI FENICS FX to provide real-time STP for FX derivatives processing. 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 FX, with confirmation and matching, cash management, cash reconciliation and settlement from Wallstreet.

GFI FENICS FX is the benchmark front, middle and back office platform for pricing and risk management, allowing clients to control, monitor and oversee every aspect of FX option trading and lifecycle management effectively and efficiently. FENICS FX can be deployed via traditional desktop, internet or intranet using the FENICS Enterprise server components, offering cost effective scalability. Wallstreet provides trade processing and settlement. Its award-winning 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 provides scalable capacity, covers FX cash, FX derivatives, money markets, vanilla interest rate derivatives as well as listed futures and options. Its services span the entire post trade lifecycle including position management, P&L, deal confirmation, settlement, credit exposure, cash management, scenario and risk analysis, accounting, reconciliation, overall workflow and reporting. It addresses the growing need for banks to increase margins through greater operational efficiency.

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