Fenics Market Data partners with Symphony to distribute real-time IRS datasets

LONDON, May 7, 2019 /PRNewswire/ -- Fenics Market Data ("Fenics MD"), a division of Fenics Software Limited, an entity within BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC" or "the Company"), today announced it has partnered with Symphony, the leading secure team collaboration platform, to allow Symphony users to access live Fenics MD's data on the Symphony platform. 

"Fenics MD is excited to partner with Symphony as it looks at new distribution channels to reach the ever expanding client community interested in viewing Venue and OTC financial market data," commented Matt Woodhams, senior managing director, Fenics MD.

Major financial institutions rely on Symphony's chat platform for secure, end-to-end encrypted communications every day. The Fenics MD application will provide unique access to a broad range of financial instruments, sourced from a combination of BGC's OTC Venues and Fenics MD analytics engines, enabling Symphony users to make trading and risk management decisions on a single platform.

Initially, this will comprise of interest rate swaps data. Fenics MD will continue to collaborate with Symphony to roll out further datasets in the second and third quarters of 2019. 

"Symphony is building one of the most robust ecosystems of integrated data and applications in a single platform. The availability of real time OTC market data in Symphony is imperative for our community, and will help our customers make faster, more informed trade decisions," said Goutam Nadella, EVP of Client Solutions. "We look forward to supporting BGC in this effort with the launch of the Fenics MD application."

About Fenics Market Data
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. (NASDAQ:BGCP) and is the exclusive distributor of data for the BGC group of companies, including BGC, GFI, RP Martin, MINT, 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.