BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC" or "the Company"), a leading global brokerage company servicing the financial and real estate markets, announced today that FENICS®, the award winning provider of FX options solutions, has been selected by Dah Sing Bank, a leading local Hong Kong-based bank, to power the institution's FX options pricing and distribution.
The FENICS solution is comprised of two component products, including FENICS PRO for its math libraries as well as FENICS TS for institutional distribution. The FENICS solution is being integrated with the Bank's existing systems, both proprietary and those provided by third parties, to enable a seamless workflow solution to the users.
"We are delighted that Dah Sing Bank has joined the growing FENICS community. Since its launch in 2017, FENICS TS has attracted new clients across the globe who are looking to deploy an enterprise-wide solution for FX Options through a single integrated pricing platform," said Richard Brunt, Managing Director at FENICS. "With new regulations coming into effect, the market is looking to specialist technology suppliers such as FENICS to provide all-encompassing solutions to help them be compliant and to help provide better service to their customers."
Mr. Steve Yu, General Manager, Head of Treasury Sales and Marketing of Dah Sing Bank, said, "Our top priority has always been to provide excellent service to our customers. We selected FENICS because of their proven track record as a comprehensive FX Options technology provider, together with their strong field support and local based development team."
About BGC Partners, Inc.
BGC Partners is a leading global brokerage company servicing the financial and real estate markets. BGC owns GFI Group Inc., a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets. BGC's Financial Services offerings include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. BGC provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post trade, information, and other services to a broad range of financial and non-financial institutions. Through brands including FENICS, BGC Trader, Capitalab, Lucera, and FENICS Market Data, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Trader, GFI, FENICS, FENICS Market Data, Capitalab, and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC Partners, Inc. and/or its affiliates.
Real Estate Services are offered through its publicly traded subsidiary Newmark Group, Inc., which has Class A common stock trading on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: NMRK).
BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com. You can also follow BGC at https://twitter.com/bgcpartners and/or https://www.linkedin.com/company/bgc-partners.
Discussion of Forward-Looking Statements about BGC Partners
Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, BGC undertake no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC's and Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors set forth in these filings and any updates to such risk factors contained in subsequent Forms 10-K, Forms 10-Q or Forms 8-K.
About Dah Sing Bank:
Dah Sing Bank is one of the subsidiaries of the Dah Sing Banking Group. The Group has three banking subsidiaries (Dah Sing Bank Limited, Banco Comercial de Macau and Dah Sing Bank (China Limited), providing banking and financial services through a network of around 70 branches over Hong Kong, Macau and China, and a securities trading company.
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SOURCE BGC Partners, Inc.
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