BGC Partners’ Market Data Unit to Provide Chinese FX Market Data Globally

Institutional investors are about to get a new source of value data on the Chinese market. BGC’s market data arm, FENICS, will offer its customers access to Chinese market figures.

The company signed a distribution partnership with China Credit BGC Money Broking Company Limited, which is co-owned by BGC Partners. The company is licensed by the China Banking Regulatory Commission (CBRC) in Beijing with a money-broking permit. The firm is operating as an inter-dealer broker offering interest rate Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term, bonds and other instruments.

Global clients of BGC Partners, which include broker dealers, banks, hedge funds and trading firms, will receive exclusive access to CCT-BGC's data products.

With the deal, FENICS Market Data will be the only internationally acclaimed commercial agent for the solution. The data includes fixed income, interest rates and FX markets.

Commenting on the deal, the Global Head of Sales at FENICS Market Data, Elliott Hann, said: “FENICS Market Data is very pleased to add CCT-BGC data to our already extensive Asian market coverage. Our agreement with CCT-BGC will be mutually beneficial, as we expand the reach of CCT-BGC's data worldwide, while also building out the data content of BGC's portfolio.”

FENICS Market Data is one of the world's leading specialist providers of real-time, tradable, indicative, end-of-day and historical OTC market data. Data is sourced directly from global broking operations including electronic broking, global pricing systems and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term to provide clients with specialized, independent and verifiable OTC pricing services.

After the acquisition, BGC Partners consolidated a number of its electronic trading platforms within FENICS. The company’s financial technology solutions on market data and analytics related to a variety of markets also include BGC Trader, Capitalab, and BGC Market Data.