LONDON, Oct. 17,
2023 /PRNewswire/ -- Fenics Market Data, a division
within BGC Group, Inc. (Nasdaq: BGC) ("BGC Group" or "BGC" or the
"Company"), today announced it is partnering with ZE
PowerGroup ("ZE") to bring its full suite of energy and commodities
pricing data to clients through ZE's award winning data management
solution, ZEMA. The timing of this strategic partnership is
reflective of BGC Group's expansion through the acquisitions of
Ginga and Trident to complement GFI's strong commodities franchise.
This partnership will provide a comprehensive over-the-counter
data solution, empowering users to gain deeper insights into market
dynamics and make better informed decisions. By leveraging Fenics
Market Data's expertise in pricing data and ZEMA's complete
end-to-end automated data, analytics, and integration service, the
partnership aims to provide clients with enhanced services to
manage their entire energy and commodities portfolios from a single
source.
Rich Winter, Global Head, Fenics
Market Data, said, "energy and commodity trading firms require
consolidated data solutions to manage increasing market volatility.
Delivering our unique datasets through a best-in-class data
management tool such as ZEMA allows businesses to reduce manual
intervention through enhanced data accuracy and consistency. This
leads to faster trade execution and risk assessment while improving
risk mitigation and reporting capabilities, benefiting all
counterparties involved in the trade cycle."
"ZE is thrilled to be partnering with Fenics Market Data, the
exclusive distributor of high value energy and commodities data for
the BGC Group and its affiliates. The addition of Fenics Market
Data provides ZE with important access to strategic energy and
commodities data that will enhance our mutual clients'
understanding of the markets they participate in," said Aiman
El-Ramly, Chief Business Officer, ZE
PowerGroup. "The ability to integrate and analyze a broad
range of data within ZEMA provides our mutual clients with a
powerful mechanism to advance their market positioning," continues
Mr. El-Ramly.
About Fenics Market Data
Fenics Market Data is a
leading provider and generator of global financial and commodities
market data. Fenics Market Data is a division within BGC Group,
Inc. (Nasdaq: BGC) and the distributor of data for the BGC Group of
companies, including but not limited to, BGC, GFI, RP Martin,
Freedom, Amerex, Aurel BGC, Sunrise, BGC Liquidez and Perimeter
Markets, as well as our flagship Fenics Market Data packages. Data
is sourced directly from the global broking operations of BGC
Group, Inc, including electronic and voice broking, global pricing
systems and analytics, with enhanced coverage through Fenics Market
Data proprietary data packages. Fenics Market Data contracts for
its services via the BGC Group UK subsidiary Fenics Software
Limited.
About BGC Group, Inc.
BGC Group, Inc. ("BGC") is a
leading global brokerage and financial technology company. BGC,
through its affiliates, specializes in the brokerage of a broad
range of products, including Fixed Income (Rates and Credit),
Foreign Exchange, Equities, Energy and Commodities, Shipping, and
Futures. BGC, through its affiliates, also provides a broad range
of services, including: trade execution, brokerage, clearing, trade
compression, post-trade, information, and other back-office
services to a broad range of financial and non-financial
institutions. Through its brands, including Fenics®, FMX™, FMX
Futures Exchange™, Fenics Markets Xchange™, Fenics Digital™, Fenics
UST™, Fenics FX™, Fenics Repo™, Fenics Direct™, Fenics MID™, Fenics
Market Data™, Fenics GO™, Fenics PortfolioMatch™, BGC®, BGC
Trader™, kACE2™, and Lucera®, BGC offers financial
technology solutions, market data, and analytics across a broad
range of financial instruments and markets. BGC, BGC Group, BGC
Partners, BGC Trader, GFI, GFI Ginga, CreditMatch, Fenics,
Fenics.com, FMX, Sunrise Brokers, Poten & Partners, RP Martin,
kACE2, Capitalab, Swaptioniser, CBID, Caventor,
LumeMarkets and Lucera are trademarks/service marks and/or
registered trademarks/service marks of BGC 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 "BGC". BGC is led by Chairman of the Board and Chief
Executive Officer Howard W. Lutnick.
For more information, please visit http://www.bgcg.com. You can
also follow BGC at https://twitter.com/bgcgroupinc,
https://www.linkedin.com/company/bgc_group and/or
http://ir.bgcg.com.
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. These
include statements about the Company's business, results, financial
position, liquidity and outlook, which may constitute
forward-looking statements and are subject to the risk that the
actual impact may differ, possibly materially, from what is
currently expected. 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 ("SEC") 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 at BGC Group,
Inc.:
Harjeet
Singh
+44 207-894-8829
Investor Contact at BGC Group, Inc.:
Jason
Chryssicas
+1 212-610-2426
About ZE PowerGroup Inc.
A global company, ZE
PowerGroup Inc. specializes in providing business intelligence,
information automation, and data analytics services to businesses
worldwide. The company's proprietary software, ZEMA™, is a
comprehensive data analytics platform designed to offer
cost-effective solutions for managing complex business problems. In
2023, ZE was ranked #1 for Data Management Firms in the Energy Risk
Software Ranking and secured the 8th position in the
ChartisEnergy50 rankings for innovative technology in the energy,
and fintech sectors. Additionally, ZE PowerGroup received the 2023
Stratus Cloud Computing award for private cloud computing for the
third consecutive year. For more information, please visit
www.ze.com.
ZE Contact Details
ZE PowerGroup
Inc.
Email: info@ze.com
Head Office: 1-866-944-1469
UK Office: +44-(0)800-520-0193
Website: www.ze.com
ZE Media and Partnership Inquiries
For media
inquiries, please contact:
Michelle Mollineaux, Director of
Marketing & Channel Partnerships,
ZE PowerGroup
Inc.
Email: michelle.mollineaux@ze.com
Office: 604-244-1469
Direct: 778-296-4189
Fax: 604-244-1675
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SOURCE BGC Group, Inc.