Indian financial services group Kanji Pitamber & Co has selected GFI Fenics FX, a pricing and risk management system for foreign exchange options from GFI Group, for use in its Mumbai head office. According to head of currency options at Kanji Pitamber, Unnati Parekh, the firm licensed the system, which covers pricing and analytics, in January.
Parekh explains the reason behind the choice: “The flexible way in which GFI Fenics FX enables us to analyse rupee foreign exchange options is key to enhancing our brokerage operation. We have selected GFI Fenics FX on the basis of its capability to provide this analysis and to also feed in and control our own volatility data.”
