GFI expands Fenics with bank volatilities
Bank of America (BoA) will be the first to offer the data, which will appear in a new release of the Fenics software, version 9.1, to be released this week.
Until now, GFI has provided its own data over the system via a direct feed of market rates from the interdealer market, sourced from GFI's broker desks. "We've been pricing based on the options volatility we were providing. We're now going to individual banks and saying, 'Here's a potential distribution channel ready-made'," says Scott
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