BoNY signs up to GFI's Fenics FX
The bank will use the system at offices in New York, London and Tokyo for central pricing and risk management, and global price distribution. The bank is also using Fenics FX's straight-through processing (STP) module to process trade detail, rate and revaluation information between GFI Fenics FX and other systems, for improved operational efficiencies and to streamline workflows.
Michael Hyland, managing director of global markets at the bank in New York said: "GFI Fenics FX enables us to
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