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Fenics Market Data launches enhanced FX data package

Maria Nikolova

The package offers more than 46,000 new FX records including over 350 currency pairs in Spot, Forward FX and NDF.

Fenics Market Data, a part of BGC Partners, Inc. (NASDAQ:BGCP) today announces the launch of its enhanced FX data package (FMD FX).

The expanded offering aims to be one of the most comprehensive data packages commercially available for FX pricing. With over 46,000 new FX records including more than 350 currency pairs in Spot, Forward FX and NDF to complement the 120 FX Options currency pairs already available, FMD FX enables financial institutions including the sell and buy side to comprehensively value and price their FX risk in real-time, increasing efficiency and reducing operational risk.

Its proprietary technology leverages the newest techniques in data science and machine learning to ensure data quality and control.

Earlier in October, Fenics MD announced the launch of its US dollar data service, FENICSMD 20/20, combining the precision pricing of Fenics USTreasuries with real-time interest rate swaps data from BGC, as well as US Treasuries implied spreads to SOFR. The collaboration between Fenics UST and BGC is poised to offer increased transparency and accuracy in the bond and derivatives markets offering a comprehensive, single source of high quality data for issuers, traders, middle and back office functions.

With the impending move from LIBOR to SOFR, and with increased liquidity starting to form in the latter, there is a gap in the market that Fenics MD fills by providing clients with the Treasury spreads to the SOFR curve.

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