Interdealer-broker TFS-Icap has entered an agreement to use DerivaTech's OTC platform as its foreign exchange pricing tool for voice-broked transactions.
TFS-Icap will deploy DerivaTech OTC for the pricing and portfolio risk management of vanilla and exotic option structures.
Michael Leibowitz, TFS-ICAP CEO had the following comments: "The utilisation of this software gives TFS-ICAP an additional means of servicing our clients and we are pleased to include it in the processing of our daily transactions."