Business
HKEX Suite of MSCI Products Launched with Fenics GO
LONDON, May 17, 2023 /PRNewswire/ -- Fenics GO, an innovative global platform and service for accessing and transmitting financial information and trading
About this update from Bgc Group, Inc.
[{"type":"text","content":"LONDON, May 17, 2023 /PRNewswire/ -- Fenics GO, an innovative global platform and service for accessing and transmitting financial information and trading financial instruments, including, exchange listed options and delta 1 products, operated by the Fenics division of BGC Partners, Inc. (Nasdaq: BGCP) (\"BGC Partners,\" \"BGC\" or the \"Company\"), today announced that it has introduced 37 HKEX MSCI derivatives products on to its multi award winning platform. \nWorking together with HKEX is an important step in expanding the range of products that Fenics GO can offer as well as acknowledging our goal of a more efficient, compliant, and cheaper method for arranging block trades for the wider market. \nJean-Pierre Aubin, Co-Global Head of Brokerage and Chief Executive Officer of Fenics GO, said: \"We are very excited to be partnering with the HKEX to launch HKEX MSCI products on Fenics GO. We are committed to the electronic evolution of the derivative markets. We look forward to working closely with HKEX on the MSCI suite and on new products that HKEX may bring to market in the future.\" \nHKEX Co-Chief Operating Officer and Head of Equities, Wilfred Yiu, said: \"We are delighted to be working together with Fenics GO to offer an electronic block trade service to promote our comprehensive suite of HKEX MSCI products. The use of this accessible and efficient technology platform will support the continued development of our markets, offering customers around the world better choice and promoting transparency, market compliance and auditability.\"\nAbout Fenics GOFenics GO specializes in the arrangement of block trades for global exchange listed options and delta 1 products. Capitalizing 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...