LONDON, Jan. 12, 2021 /PRNewswire/ -- kACE, a division of
Fenics Software Limited, an entity within the BGC Partners, Inc.
(NASDAQ: BGCP) ("BGC Partners," "BGC" or the "Company") group of
companies, announced today that Banque Pictet & Cie
SA in Geneva has onboarded
its kACE Treasury system to enable the bank to price and distribute
FX Forward prices to external e-commerce platforms.
Banque Pictet & Cie SA complements its existing trading
technology portfolio by deploying kACE Treasury as an integrated
solution for pricing and publishing FX Forwards, enabling its
traders to gain access to pricing and arbitrage information for FX
Forwards whilst interfacing with SmartTrade, a cloud based dealing
system, to accept Requests for Quotes and electronically distribute
FX Forward Swap pricing.
John Crisp, Global Head of
Product and Strategy at kACE, said, "We are delighted that
Banque Pictet & Cie SA selected kACE Treasury. The
extraordinary volatility in the market at the beginning of the
coronavirus pandemic highlighted the need for robust, automated,
and scalable price distribution solutions. kACE Treasury enhances
Banque Pictet & Cie SA trading teams' access to
accurate pricing and arbitrage information, automates price
distribution and helps meet increasing regulatory and audit
standards through a standardised pricing model and yield
curve."
Guillaume d'Assier de Boisredon, Global Head of FX & Rates
at Banque Pictet & Cie SA, said, "We selected kACE
Treasury because of their 30-year track record in delivering high
quality data aggregation, pricing, and distribution of FX
rates. The solution allows the trading team more time to focus
on trading strategy and through the automation of the customer
quoting process, improves our overall customer service levels. The
scalability of kACE Treasury's API powered solution will also allow
us to further automate our external price distribution channels as
we build out our footprint in this space."
About Banque Pictet & Cie
SA
Banque Pictet & Cie SA is an entity of the Pictet
Group, which is a partnership of seven owner-managers, with
principles of succession and transmission of ownership that have
remained unchanged since foundation in 1805. The Pictet Group
offers only wealth management, asset management, alternative
investments and related asset services. The Group does not engage
in investment banking, nor does it extend commercial loans. With
USD 589 (CHF
559/EUR 525/GBP 477) billion in assets under management or
custody at 30th June 2020, Pictet is
today one of the leading Europe-based independent wealth and asset
managers.
Headquartered in Geneva,
Switzerland and founded there, Pictet today employs over
4,800 people. It has 29 offices in: Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong
Kong, Lausanne, London,
Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New
York, Osaka, Paris, Rome,
Singapore, Stuttgart, Taipei, Tel
Aviv, Tokyo, Turin, Verona and Zurich.
About kACE
kACE is the product brand for the solutions
provided by Fenics Software Limited. The brand 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.
Fenics Software Limited has 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. Through its hosted Gateway
service, Fenics Software Limited connects its client community
to counterparties, venues, regulators and vendors.
About BGC Partners, Inc.
BGC Partners is a leading
global brokerage and financial technology company. BGC specializes
in the brokerage of a broad range of products, including fixed
income (rates and credit), foreign exchange, equities, energy and
commodities, shipping, insurance, and futures. BGC also provides a
wide variety 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 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. These include
statements about the effects of the COVID-19 pandemic on 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 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:
Jason Chryssicas
+1 212-610-2426
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