GFI Group, the New York-based interdealer broker, has launched Fenics FX Online, an FX options pricing service designed to encourage new players into the currency options market, including corporates and regional banks.

A simplified version of GFI's Fenics FX desktop product, the online service includes a range of transparent pricing interfaces, which are designed to meet the demands of a wider user base. It uses the same pricing models as those embedded in Fenics FX, which is used in more than 850 dealing rooms worldwide.