GFInet Agrees to Acquire Fenics
GFInet inc., the hybrid voice and online brokerage, and Fenics Limited, a London-based technology firm and the market-leading provider of FX option analytics, announced that they have signed a letter of intent providing for GFInet’s acquisition of Fenics. Upon completion of the acquisition, GFInet will offer electronic and voice brokerage services, real time data and analytics as well as technology services to the online OTC cash and derivative markets creating an integrated trade execution desktop across all markets. GFInet intends to combine Fenics’ analytics with an online FX Options trading platform which is due to be launched early in the new year, offering traders easy one-stop pricing, trading and trade reporting. GFInet also plans to extend and link Fenics to all existing and future GFInet markets such as Electricity and Credit Derivatives.