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Expanded range of BGC Partners over-the-counter data available via Eikon and Elektron with new market data distribution & access model |
NEW YORK, July 23, 2014 - (ACN Newswire) - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, and BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners" or "BGC"), a leading global brokerage company servicing the financial and real estate markets, today announced a strategic agreement to expand customer access to over-the-counter (OTC) pricing data. BGC's OTC pricing data is now available to customers of Thomson Reuters Eikon, its flagship financial markets desktop, Thomson Reuters Elektron Real Time, Tick History and DataScope Select, as well as BGC's trading system. The agreement incorporates a consolidated licensing solution aligned to individual clients' business models.
As regulation in the OTC markets continues to evolve, financial markets professionals are increasingly looking for more accurate and timely OTC pricing data. Gaining access to real-time OTC pricing data alongside news and analytics tools provides traders with the information they need to better inform their trading strategies.
Thomson Reuters Eikon and Elektron customers will benefit from access to the broad range of BGC Partners' OTC pricing data. This dataset covers a large number of asset classes and instruments, including:
- global fixed income - global interest rate swaps and options, covering developed and emerging markets and global credit derivative markets - global foreign exchange, including non-deliverable forwards (NDFs) and foreign exchange options (FXOs)
Thomson Reuters Eikon and Elektron customers also benefit from access to BGC's Specialist Data Services.
"This agreement with BGC further demonstrates Thomson Reuters commitment to working with partners and clients to simplify access and distribution of key market data sets within our customers' workflow," said Debra Walton, chief content officer, Financial & Risk, Thomson Reuters. "It demonstrates our ongoing focus on the new regulatory and electronic transaction landscape in the OTC space, ensuring that we provide our customers with the tools and data they need to make more informed trading decisions."
"We are delighted to announce this partnership with Thomson Reuters which significantly expands the distribution of BGC's global market data capabilities via Thomson Reuters Eikon and Elektron. In addition, it offers clients extensive flexibility and empowers their business operations with OTC data from BGC's global electronic and voice-hybrid broking operations," said Mark Benfield, executive managing director & global head of BGC Partners' Market Data Group. "We are also pleased that clients have quickly adopted this new data access and distribution model, which ultimately simplifies direct-to-source and client-driven data licensing options."
BGC and Thomson Reuters clients stand to benefit in a myriad of new ways from the partnership, which Brian Buzzelli, Executive Director and Head of Enterprise Data Management at Nomura calls "forward-looking" and "client-focused."
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.
CONTACT: Grace Keith Thomson Reuters Tel: +1-646-223-5532 Email: grace.keith@thomsonreuters.com
BGC Partners, Inc.
BGC Partners is a leading global brokerage company servicing the financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products. BGC also provides a wide range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a broad range of financial and non-financial institutions. Through its BGC Trader and BGC Market Data brands, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. Through the Newmark Grubb Knight Frank brand, the Company offers a wide range of commercial real estate services including leasing and corporate advisory, investment sales and financial services, consulting, project and development management, and property and facilities management. 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 Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.
BGC, BGC Trader, Grubb & Ellis, Grubb and Newmark are trademarks and service marks of BGC Partners, Inc. and its affiliates. Knight Frank is a service mark of Knight Frank Limited Corp., used with permission.
CONTACT: Media Contacts: Hannah Sloane BGC Partners Tel: +1-212-294-7938 Email: hsloane@bgcpartners.com
Sarah Laufer BGC Partners Tel: +1-212-915-1008 Email:slaufer@bgcpartners.com
Investor Contacts: Jason McGruder BGC Partners Tel: +1-212-829-4988 Email: jmcgruder@bgcpartners.com
Jason Chryssicas BGC Partners Tel: +1-212-915-1987 Email: jchryssicas@bgcpartners.com
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thomson Reuters Corporation via Globenewswire
Topic: New Service
Source: Thomson Reuters
http://www.acnnewswire.com
From the Asia Corporate News Network
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