LONDON, Sept. 7, 2015 /PRNewswire/ -- FENICS®, the market leading provider of FX options software and workflow solutions, today announced the release of FENICS Professional((TM)) 12.4, including FENICS Dealing Engine, delivering automation of client-specific price generation, distribution and execution. FENICS 12.4 is available for upgrade to all FENICS Professional subscribers.

FENICS Dealing Engine can be accessed via a new execution panel which allows sales teams to view quotes, time to expiry and the ability to execute and book trades. Alternatively, the same functionality can be accessed via a Dealing API which can be interfaced with third-party systems or proprietary platforms. The Dealing Settings screen is provided to allow traders and business managers to define and monitor dealing rules.

John Crisp, Director of Product, commented: "FENICS 12.4 has been built in close collaboration with several of our long term customers. This has been very beneficial in ensuring that the workflow and user experience meets the market's needs. It was equally important to recognise that some customers would want to avoid increasing the number of platforms on their sales desks. The Dealing API gives our customers the choice to integrate the new dealing functionality into their existing systems."

Mr. Crisp continued: "We have already engaged in discussions where innovative ideas on how FENICS Dealing could be deployed; from powering client facing e-commerce platforms, to rolling our sales solutions across the region or on a global basis."

Richard Brunt, Managing Director of FENICS, stated: "The feedback on FENICS 12.4 has been excellent and we have already secured a significant new client during the soft launch phase. It is essential that we build on this early success, continue to listen to the feedback from our clients and deliver the solutions they require."

FENICS is used at over 350 client sites worldwide with thousands of end users from all across the financial markets benefiting from its solutions.

About FENICS®
www.FENICS.com
Founded in 1987, FENICS quickly became the industry standard pricing tool for FX options. FENICS has more than 27 years' experience of providing intuitive solutions for the FX derivatives market spanning from pre-trade analysis, risk management, automated client price distribution, and post trade processing. The full range of API's facilitate connectivity to third parties and bespoke front end solutions.

FENICS is a subsidiary of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets. FENICS Professional(TM) is licensed for use at over 350 client sites worldwide. FENICS operates from offices in London, New York, Hong Kong, Singapore and Tokyo.

Discussion of Forward-Looking Statements by BGC Partners
Statements in this document regarding BGC Partners' business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Except as required by law, BGC undertakes no obligation to release any revisions to any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC's Securities and Exchange Commission filings, including, but not limited to, the risk factors set forth in our public filings, including our most recent Form 10-K and any updates to such risk factors contained in subsequent Form 10-Q or Form 8-K filings.

For more information, including disclaimers and legal information, please refer to our website at www.bgcpartners.com.

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SOURCE BGC Partners, Inc.