LONDON, Feb. 11, 2019 /PRNewswire/ -- kACE, a division of
Fenics Software Limited, an entity within BGC Partners, Inc.
(NASDAQ: BGCP) ("BGC Partners," "BGC" or "the Company"), today
announced that the latest release of its award winning platform,
kACE Pro, will enable clients to stream FX Options prices to
internal and external clients, single dealer platforms, execution
venues and third party platforms.
Richard Brunt, Managing
Director, kACE, commented, "This new release allows our clients to
stream FX Options prices to internal users, sales teams, wealth
managers, or directly to their clients. Our agnostic approach to
front-end users means that our clients can distribute their prices
via a wide range of channels and venues using a single kACE pricing
and dealing engine. We have already successfully deployed this new
release with several existing and new clients in Europe and have a strong pipeline to continue
this rollout globally in the first quarter of 2019."
John Crisp, Director of
Product Strategy, kACE, commented: "Streaming prices enable our
clients to offer tighter spreads to their clients, backed by
bespoke dealing logic. We have also added automated hedging
functionality that sends the delta hedge ticket directly to the
cash-trading platform, minimising quoting risk and reducing hedging
costs and operational inefficiencies. This streaming works in
conjunction with our price-spreading functionality that enables
users to programmatically tier prices for different customer
profiles. This empowers sales users to electronically quote
tradable prices to their clients."
The new functionality will be available to all existing
clients.
About kACE
kACE is the product brand for the solutions provided by Fenics
Software Limited. kACE was launched in July
2018 following the acquisition of Kalahari Limited by Fenics
Software Limited. The product range includes pricing, analytics,
distribution and trading tools for a broad range of asset
classes.
Both Fenics Software Limited and Kalahari have over 30 years'
experience providing intuitive pre-trade analysis, risk management,
automated client price distribution, post trade processing and
innovative pricing solutions for the FX derivatives and financial
markets. The extensive range of APIs facilitate connectivity to
third parties and bespoke front-end solutions.
About BGC Partners, Inc.
BGC Partners is a leading
global brokerage and financial technology company. BGC's Financial
Services 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 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 undertake 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 set forth in these filings and any
updates to such risk factors contained in subsequent Forms 10-K,
Forms 10-Q or Forms 8-K.
Media Contact:
Harjeet
Singh
+44207894 8829
Investor Contacts:
Ujjal Basu
Roy
+12126102426
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SOURCE BGC Partners, Inc.