LONDON, Jan. 20, 2020 /PRNewswire/ -- Fenics GO, a
division within BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners,"
"BGC" or the "Company"), today announced that Citadel Securities, a
leading global market maker, has joined its pioneering electronic
trading platform for exchange listed futures and options. Citadel
Securities joins IMC, Maven Securities and Optiver in providing
committed two-way liquidity in Eurex listed Euro Stoxx 50 Index
Options and related Delta 1 strategies through the Fenics GO
platform.
Jean-Pierre Aubin, Executive
Managing Director and Global Head of Listed Products at BGC,
commented: "We are delighted to broaden the number of liquidity
providers with Citadel Securities in order to deliver immediate,
anonymous, and substantial liquidity in listed equity derivatives
products in a fully electronic end-to-end environment. This
expansion of Fenics GO's liquidity profile is a major milestone in
expanding the benefits provided to our clients."
Jonathan Finney, Head of Global
Equity Development at Citadel Securities said: "Joining Fenics GO
aligns with our support of electronic markets and provides yet
another opportunity for us to serve the liquidity needs of the
options trading community. We are excited to become a liquidity
provider on this platform and look forward to benefitting the
market through our participation."
About Fenics GO
Fenics is the BGC Group's foundation
for fully electronic and associated hybrid transactions across all
asset classes. Fenics GO specialises in the arrangement of block
trades for global exchange listed options and delta 1 products.
Capitalising on BGC's electronic trading heritage, its goal is to
enhance the current voice brokerage model by offering a
technologically advanced electronic platform connecting market
participants and intermediaries directly. Fenics GO combines
complementary trading protocols to enable the dynamic work-up of
multiple trading interests anonymously. Its focus on transparency
and the provision of diverse execution methods to initiate or join
transactions, coupled with Fenics GO's leading edge technology,
creates a robust and reliable trading environment for all
participants. With a commitment to low costs, fairness,
transparency, and resiliency Fenics GO aims to be the premier OTC
marketplace to source listed derivative block liquidity.
About BGC Partners, Inc.
BGC Partners is a leading
global brokerage and financial technology company. BGC's offerings
include fixed income securities, interest rate swaps, foreign
exchange, equities, equity derivatives, credit derivatives,
commodities, futures, and structured products. BGC provides a wide
range of services, including trade execution, broker-dealer
services, clearing, trade compression, post trade, information, and
other services to a broad range of financial and non-financial
institutions. Through brands including Fenics, BGC Trader,
Capitalab, Lucera, and Fenics Market Data, BGC offers financial
technology solutions, market data, and analytics related to
numerous financial instruments and markets. BGC, BGC Trader, GFI,
Fenics, Fenics Market Data, Capitalab, and Lucera are
trademarks/service marks and/or registered trademarks/service marks
of BGC Partners, Inc. and/or its affiliates.
BGC's customers include many of the world's largest banks,
broker-dealers, investment banks, trading firms, hedge funds,
governments, corporations, and investment firms. BGC's Class A
common stock trades on the NASDAQ Global Select Market under the
ticker symbol "BGCP". BGC Partners is led by Chairman of the Board
and Chief Executive Officer Howard W.
Lutnick. For more information, please visit
http://www.bgcpartners.com. You can also follow BGC at
https://twitter.com/bgcpartners,
https://www.linkedin.com/company/bgc-partners and/or
http://ir.bgcpartners.com/Investors/default.aspx.
Discussion of Forward-Looking Statements about
BGC
Statements in this document regarding BGC that are not
historical facts are "forward-looking statements" that involve
risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements. Except as
required by law, BGC undertakes no obligation to update any
forward-looking statements. For a discussion of additional risks
and uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see BGC's
Securities and Exchange Commission filings, including, but not
limited to, the risk factors and Special Note on Forward-Looking
Information set forth in these filings and any updates to such risk
factors and Special Note on Forward-Looking Information contained
in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Media contact:
Harjeet
Singh
+44 207 894 8829
Investor Relations contact:
Ujjal Basu Roy
+1 212 610 2426
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SOURCE BGC Partners, Inc.