Fenics Market Data Launches FXO 2.0 to Upgrade Its FXO Volatility Service

Fenics Market Data (FMD), a division within BGC Partners​, Inc. (BGC), yesterday announced that it has launched FMD FXO 2.0 (FXO 2.0) to upgrade its FX Options volatility service.  

FXO 2.0 combines machine learning with improved analytics to deliver over 300 currency pairs and 27 precious metal pairs, improving the surfaces with more wing data points and long dated tenors. FMD market spreads now update more dynamically based on liquidity information from BGC Partners' trading venues and its award-winning broking divisions.

Rich Winter, Senior Managing Director and Head of Fenics Market Data and Information Analytics, said: "Our FXO offering was already very strong, built on the capital backed data from our interdealer brokerage businesses. We invested further in our FXO volatility service to address a wider range of data usage by our clients. The FX Markets award for Best Market Data Provider in 2021 is testament to the hugely valuable set of tools we now have for our clients."

Brian Bleier, Global Head of Product Strategy for Fenics Market Data, commented: "Given the interwoven nature of our technology, we are pleased that kACE can help meet our clients' needs with analytics to bring this solution to market. kACE's clients have asked us to assist them expand their currency pair coverage. We can seamlessly enable them to receive this data into kACE Pro to aid price construction and for valuation and risk purposes."