NEW YORK, July 23, 2014 /PRNewswire/ -- 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."
About 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 thomsonreuters.com.
About 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.
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SOURCE BGC Partners, Inc.