NEW YORK, Aug. 20 /CNW/ - Finotec Group, Inc. (OTCBB: FTGI), an online
foreign exchange company regulated by the FSA in the United Kingdom, has
released its Option Pricing solution for financial software vendors. The
Options Pricing Module is being offered to financial technology vendors for
implementation in financial institutions engaging in Options trading.
Finotec's technology can be adapted to suit market making, hedge funds/CTAs,
spread trading, institutional retail and proprietary needs.
"The Finotec Options Pricing Module is a unique proprietary solution for
companies wishing to provide their clients with an advanced and easy-to-use
system for pricing and trading in options on a variety of financial
instruments," says Didier Essemini, Chairman of the Board and CEO of Finotec
Group, Inc. "With demand for online trading reaching record highs, the Finotec
Options Pricing module solution will help financial software vendors provide a
key product to supplement their offerings at leading financial institutions
around the world. We expect to start selling this solution immediately and to
see revenue generation on this program by the first quarter next year."
Finotec's Options Pricing module program is a solution that is adaptable
to the specific needs of the particular vendor or financial institution. It
was built using Finotec's proprietary trading technology and algorithms which
delivers real-time pricing and executions, integrated charts, technical
analysis tools, and position management features. The module can provide
real-time information on market volatility and market pricing. It also offers
flexibility in terms of the option variables such as settlement date, strike
price, and option amount. The module features vanilla options as well a
complex exotic options such as Binary Options and Barrier options.
Finotec Group, Inc. www.finotec.com
Finotec Group, Inc., a pioneer in online forex trading, developed an
internet-based software platform that allows clients to trade in the foreign
exchange market. In addition to offering online forex trading, Finotec also
offers online trading in indices, equities, commodities, futures and options
in one integrated user-friendly system. The Finotec online platform offers
real-time pricing and a sophisticated charting tool with over 50 easy-to-use
Cautionary Statement under "Safe Harbor" provisions of the Private
Securities Litigation Reform Act of 1995: Statements made in this fact sheet
may contain information about the Company's future business prospects. These
statements may be considered "forward looking" and are subject to risks and
uncertainties that could cause actual results that differ materially from
those set forth or implied by such forward looking statements.
For further information:
For further information: Finotec Group, Inc., Investor Relations, (212)