Get Custom Quotes, Info & More from Multiple Providers At Once.
LiquidityFinder
November 9, 2021

Fenics Market Data Expands FX Options Offering with AI and New Analytics "FXO 2.0"

November 09, 2021 - Fenics Market Data, a division within BGC Partners, today announced the launch of its latest upgrade to its FXO volatility service, FMD FXO 2.0. FXO 2.0 combines machine learning with improved analytics to deliver over 300 currency pairs and 27 precious metal pairs, improving the surfaces with more wing data points and long dated tenors. FMD market spreads now update more dynamically based on liquidity information from BGC Partners' trading venues and its award-winning broking divisions.

Rich Winter, Senior Managing Director and Head of Fenics Market Data and Information Analytics, said: "Our FXO offering was already very strong, built on the capital backed data from our interdealer brokerage businesses. We invested further in our FXO volatility service to address a wider range of data usage by our clients. The FX Markets award for Best Market Data Provider in 2021 is testament to the hugely valuable set of tools we now have for our clients."

Richard Brunt, Head of Sales at Fenics Market Data, added, "Driven by a desire for greater transparency for trading decisions, regulatory pressure and reduced capital requirements, clients are increasingly looking for datasets based on tradable data rather than consensus data. FXO 2.0 leverages a greater variety of broking and venue sources. By combining the expertise of our data science team with FXO-tailored analytics from kACE, the result is a market leading product delivering the widest set of data points available anywhere. We were delighted to receive the "Best Market Data Newcomer (Vendor or Product)" award by Inside Market Data & Inside Reference Data in May 2021 for FXO 2.0, recognising the innovation integral to the release. Initial feedback from clients has been very positive, with many users employing FXO 2.0 across a range of business functions."

Brian Bleier, Global Head of Product Strategy for Fenics Market Data, commented: "Given the interwoven nature of our technology, we are pleased that kACE can help meet our clients' needs with analytics to bring this solution to market. kACE's clients have asked us to assist them expand their currency pair coverage. We can seamlessly enable them to receive this data into kACE Pro to aid price construction and for valuation and risk purposes."

Require Some Guidance in Finding The Right Provider?

Let One of Our Experts Help!

Use the LiquidityFinder Match Matrix to find the right provider for your electrionic trading business!

Get Started

LiquidityFinder

LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.

If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at press@liquidityfinder.com.

Be First To Comment.
Featured News on LiquidityFinder
Latest News on LiquidityFinder

To personalize content, provide a optimal experience, tailor and measure engagement; the browsing, navigating and the continous use of this website means you agree to the Terms of Service, Privacy Policy & Security Policy of this website. Your choices on this website will be applied globally throughout the website.

LiquidityFinder & Our Partners

Your behavior, data and actions may be utilized to offer you optimal connections and services by approved and suitable providers fitting your account requirements and website actions. When contacting providers or initiating a provider request, match matrix or expert match review we may share necessary data to evaluate your compatability with our connected partners and suitable providers.