January 20, 2020 - Fenics GO, a division within BGC Partners, Inc. (NASDAQ: BGCP) today announced that Citadel Securities, a leading global market maker, has joined its electronic trading platform for exchange listed futures and options. Citadel Securities joins IMC, Maven Securities and Optiver in providing committed two-way liquidity in Eurex listed Euro Stoxx 50 Index Options and related Delta 1 strategies through the Fenics GO platform.
Jean-Pierre Aubin, Executive Managing Director and Global Head of Listed Products at BGC, commented: "We are delighted to broaden the number of liquidity providers with Citadel Securities in order to deliver immediate, anonymous, and substantial liquidity in listed equity derivatives products in a fully electronic end-to-end environment. This expansion of Fenics GO's liquidity profile is a major milestone in expanding the benefits provided to our clients."
Jonathan Finney, Head of Global Equity Development at Citadel Securities said: "Joining Fenics GO aligns with our support of electronic markets and provides yet another opportunity for us to serve the liquidity needs of the options trading community. We are excited to become a liquidity provider on this platform and look forward to benefitting the market through our participation."
About Fenics GO
Fenics is the BGC Group's foundation for fully electronic and associated hybrid transactions across all asset classes. Fenics GO specialises in the arrangement of block trades for global exchange listed options and delta 1 products. Capitalising on BGC's electronic trading heritage, its goal is to enhance the current voice brokerage model by offering a technologically advanced electronic platform connecting market participants and intermediaries directly. Fenics GO combines complementary trading protocols to enable the dynamic work-up of multiple trading interests anonymously. Its focus on transparency and the provision of diverse execution methods to initiate or join transactions, coupled with Fenics GO's leading edge technology, creates a robust and reliable trading environment for all participants. With a commitment to low costs, fairness, transparency, and resiliency Fenics GO aims to be the premier OTC marketplace to source listed derivative block liquidity.
TriOptima Goes Live with The Australian Securities Exchange (ASX) For triReduce Compression Services
Your Bourse Enhances Its Platform-As-A-Service Offer With Monitors and Alerts
24 Exchange Acquires 11B Technologies
Eurex launches deliverable cross currency swaps and OTC FX clearing
SGX Acquires MaxxTrader From FlexTrade