Fenics Market Data Expands FX Pricing Data Services
Fenics Market Data, a division within BGC Partners, Inc.(“BGC Partners,” “BGC” or the “Company”), 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.”
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. 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.