![Fenics-Logo](https://www.financemagnates.com/wp-content/uploads/fxmag/2013/09/Fenics-Logo.png)
NY Headquartered FENICS, a subsidiary of GFI, has announced today that Nittan Capital, an Asia- based inter-dealer broker in financial derivatives, has licensed the FENICS Professional.
FENICS specializes in developing a robust suite of brokerage tools for FX Options, including pricing, distribution, Risk Management , analytical and STP components. According to their official press release, the solution which provides pricing and risk management for foreign Exchange options to Nittan Capital, has been deployed to their Singapore and Hong Kong offices.
In addition, the STP API function of the FENICS Professional will allow Nittan Capital staff to quickly ascertain FX Option trade details and process them through their back office systems as well as streamline to their client network, without any need to re-key in the data (automatically and without human intervention).
![Richard Brunt, Managing Director, FENICS](https://www.financemagnates.com/wp-content/uploads/fxmag/2013/10/richard-brunt-gfi-fenics-2012-185x114.jpg)
Richard Brunt, Managing Director, FENICS
Richard Brunt, Managing Director of FENICS, said in the corporate press release, “We are delighted that Nittan Capital has selected FENICS Professional as their FXO system, delivering a high level of integration via our locally based Professional Services Group."
"This is an exciting time for FENICS in the Asia region, as we continue to widen our client base. Our investment in development and support resources in Asia is on-going and is something that we will look to accelerate in 2014,” he added.
Head of Regional Currency Options at Nittan Capital, Chris Butcher commented in the corporate statement on the decision to take on FENICS. “We have selected FENICS Professional over the competition not only on the basis of its reputation in the FX Options market place but also because of FENICS’ ability to connect to our back office system seamlessly, making our business process more efficient and allowing us to better service our customers.”
According to information on Nittan Capital’s corporate website, the firm has offices in Hong Kong, Seoul, Singapore and Tokyo, and is one of many businesses under the brand Nittan eREX. Through its inter-dealer brokerage business it is involved in the provision of brokerage services exclusively for commercial and investment banks to trade a wide array of financial products, including over-the-counter instruments such as equity derivatives, foreign exchange products and interest rates and money market products.
In reviewing the company's FX Products offering as presented on the corporate's website, the range of instruments appear to be diverse and vary in the respective regions where they operate and are offered, such as Nittan HK, Nittan Japan, Nittan Korean and Nittan Singapore.
![Nittan](https://www.financemagnates.com/wp-content/uploads/fxmag/2013/11/Nittan.jpg)
The firm's ultimate parent company, Central Tanshi, is presently one of the largest inter-dealer brokers in Japan and is rated “A-“ by Rating and Investment Information, Inc. and Japan Credit Rating Agency, Limited, according to the latest information on its corporate website.