LONDON, Oct. 7, 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 enhanced FX data package ("FMD FX") which will be one
of the most comprehensive data packages commercially available for
FX pricing.
With over 46,000 new FX records comprising of 350+ currency
pairs in Spot, Forward FX and NDF to complement the 120 FX Options
currency pairs already available, FMD FX enables all financial
institutions including the sell and buy side to comprehensively
value and price their FX risk in real-time, increasing efficiency
and reducing operational risk. Its industry leading proprietary
technology utilises the newest techniques in data science and
machine learning to ensure data quality and control.
"Fenics MD is committed to offering financial data with the most
comprehensive coverage, highest quality and widest distribution
options. Having access to real-time market places allows us to
verify and calibrate our data in real time, to produce complete and
accurate pricing for all points on the curve across the broadest
range of currency pairs," says Matt
Woodhams, Senior Managing Director at Fenics MD. "Mixing
traditional financial analytics with the latest data science,
machine learning and artificial intelligence techniques, Fenics MD
is taking the FX market data business to the next level. Clients
have unprecedented FX market data coverage."
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 is 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 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
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