Platform Details
ENHANCE YOUR BUSINESS
Fenics Direct seamlessly provides FX Options clients with aggregated, dealable prices from leading global Liquidity Providers via our Request for Stream (RFS) protocol.
Tradeable option pricing is available across more than one hundred currency pairs, including G10, major crosses, a broad suite of non-deliverable currencies, and precious metals (XAU, XAG).
Clients can price and trade single-leg vanillas as well as all standard two-leg structures such as calendars, risk reversals, put spreads, and call spreads. In addition, Fenics Direct supports three-leg and four-leg multi-strategy structures, along with a growing suite of exotic options. All strategies can be configured with any permutation of broken dates and uneven notionals.
EASY STEP TRANSACTIONS
Transacting on Fenics Direct is done via the following easy steps:
- ENTER THE PARAMETERS of the option or spread
- SELECT THE LIQUIDITY providers that you wish to source
- REQUEST FOR STREAM and returned prices will be visible at contributor level as well as an aggregated best bid and offer.
- EXECUTE THE TRADE in two mouse clicks
POST EXECUTION
Fenics Direct connects seamlessly to the customer’s STP system and email trade confirmations are generated upon acceptance of the trade in the user’s front-end system. There is also an option to manually book trades with a blotter facilitating this.
To satisfy internal compliance policies on ‘best-execution’, an audit trail detailing the price composition can be provided on a timely basis.
Fenics Direct ensures a clear regulatory framework while offering execution on SEF or MTF as required.
