BGC Capital and Thomson Reuters' OTC Data Partnership Offers 98 FX Pairs
- BGC’s executive managing director & global head of BGC Partners' Market Data Group, Mark Benfield has detailed some of the aspects of the partnership with Thomson Reuters which BGC entered into last week.
Last week, Thomson Reuters and BGC Partners, Inc. (NASDAQ: BGCP) announced a strategic agreement with BGC providing access to its over-the-counter (OTC) pricing data. The various solutions through which the new data flow are available are through Thomson Reuters Eikon, Thomson Reuters Elektron Real Time, Tick History and DataScope Select, with its own delivery mechanism supported by Thomson Reuters.
BGC’s Executive Managing Director & Global Head of BGC Partners' Market Data Group, Mark Benfield, has confirmed to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that should a client choose, the data can be delivered via BGC’s real-time Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term or via FTP. He stated, “Receiving BGC data either through Thomson Reuters or direct from BGC, can be covered under one contract with Thomson Reuters."
As part of the company's growing business, the firm’s FX offering provides global coverage of core and emerging markets forwards and non-deliverable forwards (NDFs). FX options listings include at-the-money (ATM) options, 10% and 25% Delta Risk Reversals and Butterflies
Further partnerships might be around the corner, as according to Mr. Benfield, “BGC Market Data is actively working with other data and software vendors to forge or enhance partnerships, like the one with Thomson Reuters. In current market conditions, where new and flexible ways of delivering value are expected, and regulations drive new requirements, BGC is active on many fronts and with many current and potential partners to build out new data products and packaging.”
Aside from BGC’s FX offerings, Thomson Reuters Eikon and Elektron customers will benefit from access to global fixed income, global interest rate swaps and options, covering developed and emerging markets and global credit derivative markets.
Thomson Reuters Eikon and Elektron customers will also gain access to BGC's Specialist Data Services. Mr. Benfield elaborated on the offering as being an additional set of information, saying, “An extended set of OTC data will be provided as most of the BGC OTC data is available on Thomson Reuters Eikon free of charge, but in some cases, asset specific coverage will be bundled as a Specialist package, requiring licensing for desktop viewing as well as for application usage. Thomson Reuters currently carries three BGC OTC Specialist Data services, Swapsight, Swapsight with Skews, and European Government Bonds.”
The data provided to Thomson Reuters' customers consists of prices sourced directly from BGC Partners’ global broking operations, be they electronic, voice or hybrid.
Last week, Thomson Reuters and BGC Partners, Inc. (NASDAQ: BGCP) announced a strategic agreement with BGC providing access to its over-the-counter (OTC) pricing data. The various solutions through which the new data flow are available are through Thomson Reuters Eikon, Thomson Reuters Elektron Real Time, Tick History and DataScope Select, with its own delivery mechanism supported by Thomson Reuters.
BGC’s Executive Managing Director & Global Head of BGC Partners' Market Data Group, Mark Benfield, has confirmed to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that should a client choose, the data can be delivered via BGC’s real-time Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term or via FTP. He stated, “Receiving BGC data either through Thomson Reuters or direct from BGC, can be covered under one contract with Thomson Reuters."
As part of the company's growing business, the firm’s FX offering provides global coverage of core and emerging markets forwards and non-deliverable forwards (NDFs). FX options listings include at-the-money (ATM) options, 10% and 25% Delta Risk Reversals and Butterflies
Further partnerships might be around the corner, as according to Mr. Benfield, “BGC Market Data is actively working with other data and software vendors to forge or enhance partnerships, like the one with Thomson Reuters. In current market conditions, where new and flexible ways of delivering value are expected, and regulations drive new requirements, BGC is active on many fronts and with many current and potential partners to build out new data products and packaging.”
Aside from BGC’s FX offerings, Thomson Reuters Eikon and Elektron customers will benefit from access to global fixed income, global interest rate swaps and options, covering developed and emerging markets and global credit derivative markets.
Thomson Reuters Eikon and Elektron customers will also gain access to BGC's Specialist Data Services. Mr. Benfield elaborated on the offering as being an additional set of information, saying, “An extended set of OTC data will be provided as most of the BGC OTC data is available on Thomson Reuters Eikon free of charge, but in some cases, asset specific coverage will be bundled as a Specialist package, requiring licensing for desktop viewing as well as for application usage. Thomson Reuters currently carries three BGC OTC Specialist Data services, Swapsight, Swapsight with Skews, and European Government Bonds.”
The data provided to Thomson Reuters' customers consists of prices sourced directly from BGC Partners’ global broking operations, be they electronic, voice or hybrid.