ANZ releases new FX pricing product
ANZ Investment Bank has recently released its real time internet based FX derivative pricing product called ANZ FX Online - Sphinx.
ANZ Investment Bank has recently released its real time internet based FX derivative pricing product called ANZ FX Online - Sphinx. This is a web-based application enabling clients to price a range of foreign exchange derivative strategies in real time. Pricing is available for vanilla currency options (Puts and Calls) and a range of structured FX Derivatives.
Commenting on the rationale for the development, Bob Smith, Head of eFX at ANZ said, 'Up until now a limited number of options specialists in each of our treasury centres provided the specialist knowledge and experience needed to price structured derivative deals.<br><br>We recognised that an automated pricing capability was required to speed up our responsiveness to clients' pricing requests'.Functionality of Sphinx includes the capability to price pre-structured derivatives strategies using live market data delivered 24 hours a day, volatility market commentaries, historical rates and a comprehensive help and product guide file. ANZ believes that Sphinx is one of only a small number of online derivative pricing products offered globally.