HONG KONG, April 30, 2018 /PRNewswire/ -- 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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