GFInet Inc., a voice and online brokerage firm, is acquiring Fenics Ltd., which provides FX option analytics electronically. It will keep the Fenics brand name but will not operate independently. The deal sets in motion a plan to offer institutional clients an FX options trading system to be launched early in 2001. GFInet plans to acquire Fenics with stock and cash; exact terms were not disclosed.
John Ashcroft, Fenics CEO, will be chief commercial officer. Michael Gooch, GFInet’s chairman and CEO, and Steve McMillan, COO, will remain.
