Thomson Reuters and BGC Partners, Inc. announced an agreement regarding the latter company’s granting of access to its over-the-counter data of prices.
As per the strategic agreement of Thomson Reuters and BGC Partners, Inc., the various solutions will be accessible through Tick History, Thomson Reuters Eikon, DataScope Select, and Thomson Reuters Elektron Real Time, which will have its own delivery method. The customers of both Elektron and Thomson Reuters Eikon will benefit from these solutions, particularly in getting access to global interest rate swaps and options, global fixed income, global credit derivative markets, and developed and emerging markets data. The data marketers can now access real-time global broking operations of BGC (voice, electronic, or hybrid).
Mark Benfield, the Executive Managing Director & Global Head of BGC Partners’ Market Data Group, stated that FTP or BGC’s real-time trading platform will take over delivering data based on the client’s choice. Mr. Benfield confirmed to Forex Magnates that BGC data incurring, either direct from their company or Thomson Reuters, will still be encompassed by Thomson Reuters contract.
The FX offering of BGC Partners, Inc. offers outlook of kernel and growing markets forwards and non-deliverable forwards or NDFs. Option listings comprise Butterflies, at-the-money options or ATM, and 10% and 25% Delta Risk Reversals. The tender is a representation of the organization’s growing business.
Mr. Benfield claimed that partnerships in the future can be anticipated. He claimed that the company is currently working with data and software vendors not only for the compounding purpose, but to also develop new data products and packaging. BGC remains active in adapting flexible ways and new requirements as new potential partners come along the way, according to the Managing Director and Global Head.
BGC’s Specialist Data Services are further explained by Mr. Benfield. The head clarified that the OTC data extended set will be provided free of charge, but specific coverage for assets can be obtained with the Specialist package, which expectedly can be accessed through licensing for desktop presentation.