LONDON, Oct. 2, 2019 /PRNewswire/ -- Fenics Market Data
("Fenics MD"), a division within BGC Partners, Inc. (NASDAQ: BGCP)
("BGC Partners," "BGC" or the "Company"), today announced the
launch of its US dollar data service, FENICSMD 20/20, a premium
service that combines the precision pricing of Fenics USTreasuries
("Fenics UST") with real-time interest rate swaps data from BGC, as
well as US Treasuries implied spreads to SOFR.
This collaboration between Fenics UST and BGC delivers increased
transparency and accuracy in the bond and derivatives markets
offering a comprehensive, single source of high quality data for
issuers, traders, middle and back office functions.
With the impending move from LIBOR to SOFR, and with increased
liquidity starting to form in the latter, there is a gap in the
market that Fenics MD fills by providing clients with the Treasury
spreads to the SOFR curve.
Matt Woodhams, Senior
Managing Director, Fenics MD, commented, "The inclusion of US
Treasuries data within Fenics MD further strengthens our position
as one of the leading providers of market data. Fenics UST has
already demonstrated tangible cost savings to traders on the
platform by offering price increments of 1/16th of a
32nd when the tightest public tick-size elsewhere in the
market is 1/8th of a 32nd. We believe we will
be able to demonstrate similar cost savings to our market data
clients over their incumbent UST services."
This data is available through a direct feed from Fenics MD, or
through its distribution partners.
About Fenics Market Data
Fenics Market Data (Fenics
MD) is a leading provider and generator of global financial and
commodities market data. Fenics MD is a division within BGC
Partners, Inc. (NASDAQ:BGCP) and the distributor of data for the
BGC group of companies, including BGC, GFI, RP Martin, Freedom,
Amerex, Aurel BGC, Sunrise, BGC Liquidez and Perimeter Markets, as
well as our flagship Fenics MD packages. Data is sourced directly
from the global broking operations of BGC Partners and its
subsidiaries, including electronic and voice broking, global
pricing systems and analytics, with enhanced coverage through
Fenics MD proprietary data packages. Fenics MD contracts for its
services via the BGC UK subsidiary Fenics Software Limited.
About Fenics USTreasuries
Fenics USTreasuries ("Fenics
UST") is a fully electronic U.S. Government securities trading
venue owned and operated by BGC Financial, L.P., a FINRA registered
broker-dealer, and counterparty to all transactions. Fenics UST's
Central Limit Order Book and directed liquidity protocols enable
participants - banks, broker-dealers, professional trading
firms and institutional investors – to trade quickly and
anonymously at the best possible prices.
Fenics UST delivers the transparency and familiar ease of
execution in futures markets, combined with clearly visible depth
of liquidity, calibrated to the tightest tick increment in the
world for electronic US Treasury trading.
Fenics UST has revolutionized institutional investors' access to
electronic UST liquidity in block size. Prices are streamed fully
firm for guaranteed sizes, actionable 23 hours a day.
Fenics UST was designed to be the fastest, most stable, and most
reliable ultra-low latency matching engine in the cash UST
marketplace. All forms of electronic connectivity are supported,
ensuring a straightforward integration process for all new
participants to the platform.
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 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
+44207894 8829
Investor Relations contact:
Ujjal Basu Roy
+12126102426
View original content to download
multimedia:http://www.prnewswire.com/news-releases/fenics-market-data-launches-us-treasuries-data-services-300929532.html
SOURCE BGC Partners, Inc.