BGC’s Fenics teams up with ZE for OTC pricing data for energy and commodity trading
“Delivering our unique datasets through a best-in-class data management tool such as ZEMA allows businesses to reduce manual intervention through enhanced data accuracy and consistency. This leads to faster trade execution and risk assessment while improving risk mitigation and reporting capabilities, benefiting all counterparties involved in the trade cycle.”
In a strategic move that augments its footprint in the energy and commodities sectors, Fenics Market Data, a division of BGC Group, Inc., announced a new partnership with ZE PowerGroup.
This collaboration aims to bring Fenics’ extensive suite of energy and commodities pricing data to clients through ZE’s award-winning data management solution, ZEMA.
The timing of this partnership aligns with BGC Group’s broader expansion strategy, which has seen the company acquire Ginga and Trident to complement GFI’s established commodities franchise. By doing so, BGC aims to solidify its position as a powerhouse in energy and commodities data solutions.
A one-stop solution for Over-the-Counter data
This alliance promises to provide a comprehensive over-the-counter (OTC) data solution, enabling users to delve deeper into market dynamics. By leveraging the synergies between Fenics Market Data’s pricing data expertise and ZEMA’s robust data, analytics, and integration service, clients can expect a holistic platform for managing their entire energy and commodities portfolios.
Rich Winter, Global Head of Fenics Market Data, remarked, “Energy and commodity trading firms require consolidated data solutions to manage increasing market volatility. Delivering our unique datasets through a best-in-class data management tool such as ZEMA allows businesses to reduce manual intervention through enhanced data accuracy and consistency. This leads to faster trade execution and risk assessment while improving risk mitigation and reporting capabilities, benefiting all counterparties involved in the trade cycle.”
“ZE is thrilled to be partnering with Fenics Market Data, the exclusive distributor of high-value energy and commodities data for the BGC Group and its affiliates. The addition of Fenics Market Data provides ZE with important access to strategic energy and commodities data that will enhance our mutual clients’ understanding of the markets they participate in,” said Aiman El-Ramly, Chief Business Officer at ZE PowerGroup. “The ability to integrate and analyze a broad range of data within ZEMA provides our mutual clients with a powerful mechanism to advance their market positioning,” El-Ramly continued.
