NASDAQ BGCP 4.64 +0.00 +0% Volume: 2,789 May 22, 2019

kACE Announces Streaming FX Options pricing on its latest release of kACE Pro

02/11/19

LONDON, Feb. 11, 2019 /PRNewswire/ -- kACE, a division of Fenics Software Limited, an entity within BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC" or "the Company"), today announced that the latest release of its award winning platform, kACE Pro, will enable clients to stream FX Options prices to internal and external clients, single dealer platforms, execution venues and third party platforms.

Richard Brunt, Managing Director, kACE, commented, "This new release allows our clients to stream FX Options prices to internal users, sales teams, wealth managers, or directly to their clients. Our agnostic approach to front-end users means that our clients can distribute their prices via a wide range of channels and venues using a single kACE pricing and dealing engine. We have already successfully deployed this new release with several existing and new clients in Europe and have a strong pipeline to continue this rollout globally in the first quarter of 2019."  

John Crisp, Director of Product Strategy, kACE, commented: "Streaming prices enable our clients to offer tighter spreads to their clients, backed by bespoke dealing logic. We have also added automated hedging functionality that sends the delta hedge ticket directly to the cash-trading platform, minimising quoting risk and reducing hedging costs and operational inefficiencies. This streaming works in conjunction with our price-spreading functionality that enables users to programmatically tier prices for different customer profiles. This empowers sales users to electronically quote tradable prices to their clients."

The new functionality will be available to all existing clients. 

About kACE

kACE is the product brand for the solutions provided by Fenics Software Limited. kACE was launched in July 2018 following the acquisition of Kalahari Limited by Fenics Software Limited. The product range includes pricing, analytics, distribution and trading tools for a broad range of asset classes.

Both Fenics Software Limited and Kalahari have over 30 years' experience providing intuitive pre-trade analysis, risk management, automated client price distribution, post trade processing and innovative pricing solutions for the FX derivatives and financial markets. The extensive range of APIs facilitate connectivity to third parties and bespoke front-end solutions.

About BGC Partners, Inc.
BGC Partners is a leading global brokerage and financial technology company. 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.

BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC's Class A common stock trades on the NASDAQ Global Select Market under the ticker symbol "BGCP". 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, https://www.linkedin.com/company/bgc-partners and/or http://ir.bgcpartners.com/Investors/default.aspx.

Discussion of Forward-Looking Statements about BGC
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 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.

Media Contact:
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Investor Contacts:
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BGC Partners, Inc. logo. (PRNewsFoto/BGC Partners, Inc.) (PRNewsFoto/)

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SOURCE BGC Partners, Inc.