GFI Fenics repositions FX options platform as it targets Sef licence
Pricing and analytics technology provider GFI Fenics has repositioned its multibank FX options platform, Fenics Trader, to become a direct regulated subsidiary of interdealer broker GFI Group as it prepares to register the platform as a swap execution facility (Sef) under the US Dodd-Frank Act.
The move comes almost two years after the platform first launched in February 2011 and will now see it renamed GFI Direct. Under the new regulations in the US, Sefs will need to have their own legal
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