FENICS Market Data Partners with China Credit BGC Money Broking.
BANKING AND CREDIT NEWS-August 29, 2017-FENICS Market Data Partners with China Credit BGC Money Broking
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FENICS Market Data, the Market Data division of BGC Partners (NASDAQ: BGCP) ("BGC Partners", "BGC", or "the company"), and China Credit BGC Money Broking company Limited ("CCT-BGC") have agreed to a distribution partnership, whereby FENICS Market Data will exclusively provide CCT-BGC's Chinese market data products to global clients, the company said.
Through this agreement, FENICS Market Data is becoming the sole international commercial agent for CCT-BGC's market onshore Chinese data, covering the Fixed Income, Interest Rate and Foreign Exchange markets.
CCT-BGC, established by China Credit Trust Co., Ltd. (CCT) and BGC, is the first money-broking company granted by the China Banking Regulatory Commission (CBRC) in Beijing. It operates as an inter-dealer broking company, offering interest rate swaps, bonds, and interbank cash deposit products to Chinese and foreign banks in Beijing.
FENICS Market Data is one of the world's 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 to provide clients with specialized, independent and verifiable OTC pricing services.
CCT-BGC, established by CCT and BGC, is the first money broking company created by CBRC in Beijing. Thanks to the expertise and deep financial industry background demonstrated by both firms, CCT-BGC is dedicated to providing professional, efficient and comprehensive brokerage services in the FX market, money market, bonds market and derivatives market for all Chinese and non-Chinese customers.
BGC Partners is a global brokerage company servicing the financial and real estate markets. BGC owns GFI Group Inc., a intermediary and provider of trading technologies and support services to the global OTC and listed markets. The company'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.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Aug 29, 2017|
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