Netdania adds Fenics FX options to low-latency API

Netdania, part of United Fintech, has integrated Fenics Market Data & Analytics’ institutional FX options pricing and volatility into its low-latency APIs. The dataset covers more than 400 currency pairs and tenors stretching to 30 years and will be delivered through Netdania’s existing low-latency endpoints.

The feed includes a full volatility curve from short-dated tenors through 30 years and contains at-the-money forwards, calls, puts, butterflies and risk reversals alongside strike and spot reference data. Fenics supplies both priced instruments and reference points used for analytics and risk calculations.

Netdania will stream the FX options data over the same API infrastructure it uses for spot FX, fixed income, commodities and precious metals. The company said clients will be able to access multiple market data types through a single connection while preserving the low-latency performance of its endpoints.

Netdania described the integration as a response to client demand for deeper and more transparent options data to support trading and risk management. The firm said the feed is intended for buy-side and sell-side systems that ingest interbank OTC FX options into trading, pricing and risk workflows.

Fenics Market Data & Analytics provides interbank FX options pricing, volatility surfaces and liquidity intelligence across global pairs. The combined dataset is positioned to support use cases such as market-making, portfolio hedging, pricing and valuation adjustments.

“FX options require deeper, more transparent data. Working with Fenics Market Data lets us deliver institutional FX options pricing and volatility directly into client systems over API,” said George Govier-Rosenvold, Netdania’s chief commercial officer.

Rich Winter, president of Market Data and Information Analytics at Fenics Market Data & Analytics, added that Netdania’s global user base will have direct access to Fenics’ pricing and volatility data through the API.

The integration brings Fenics’ institutional dataset into the same delivery channel used by many of Netdania’s institutional customers, which the companies say will reduce integration work for firms that consume both spot and derivatives market data.