Morroccan bank BCP signs up to FenicsFX
The bank will use the system to manage client requests for FX options pricing and its own intra-day FX risk.
Mouhssine Cherkaoui, head of capital markets at BCP in Casablanca, said the new system would enable the bank to provide immediate quotes and reporting to its clients. The agreement to license the system was signed in December.
The deal is the third of its type announced by GFI Group in as many weeks. Hong Kong bank Wing Lung has been using the FenicsFX system since the beginning of January
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