Dr. Martha Oberndorfer, Managing Director of the Ãsterreichische Bundesfinanzierungsagentur, noted: âAs the marketplace continues to evolve, we wish to provide our primary dealers with the opportunity to provide quotes and execute transactions in a manner that maximises competition and innovation. We are therefore pleased to add BGC Partners to our existing platform group.â
Commenting on the decision, Philip Norton, Executive Managing Director and Global Head of e-Commerce at BGC said âBGC has listened to the issuer and primary dealer communities to ensure that their requirements are met in an enhanced, competitive environment. Offering primary dealers a wider choice as to where they post prices and trade will benefit the market as a whole.â
âThere is continued momentum in Europe for the liberalisation of the government bond markets and, given this impetus, we will continue to seek partnerships with those authorities across Europe that wish to open their government bond markets to multiple platformsâ he continued.
BGCâs integrated voice and electronic platform is already used by its brokers across multiple asset classes to provide wholesale banks with a choice of voice, voice-assisted, screen assisted, or fully electronic brokerage services where available. This enables greater flexibility with regard to price discovery, execution and processing of transactions.