African Merchant Bank Takes Inventure's Fenics


JOHANNESBURG--African Merchant Bank (AMB), the only black majority-owned merchant bank in South Africa, has gone live with a foreign exchange options pricing and trade capture system from Fenics Software, a division of Inventure.

The bank will also use Fenics for connectivity with its back office system.

Fenics has supported AMB's newly created foreign exchange options desk since its installation last year, says Grant Sullivan, head of FX at the bank in Johannesburg.

Fenics prices and reports