BGC Partners, Inc. has expanded its daily swap fixing pages where additional countries in Central and Eastern Europe, Russia and Asia Pacific have been formally recognised as official price references under ISDA (International Swaps and Derivatives Association) documentation.
This builds on the firms existing status in US Dollar, Euro, Singapore Dollar and Hong Kong Dollar ISDA fixing pages and reinforces BGC Partners position as a provider of real-time and daily fixing information to primary dealers, investment banks and end users.
As of Monday, 3 August, BGC Partners, via the BGCantor Market Data service, will also provide ISDA defined fixings for swap and non-deliverable swaps transactions executed in Chinese Renminbi, Czech Koruna, Indian Rupee, Indonesian Rupiah, Philippine Peso, Romanian Leu, Russian Ruble, Taiwanese Dollar, Thai Baht, Turkish Lira and Vietnamese Dong.
As the global market expands the need for the provision of accurate pricing information increases. We look forward to working with ISDA in continuing to provide reliable marketplace data to our valued clients as well as to the wider marketplace, says Philip Norton, executive managing director and global head of e-Commerce.
ISDA documentation governs the terms to confirm, mark, assign and terminate derivative transactions between counterparts. The pages will be snapshots of real-time BGC screens taken at a pre-determined time daily, says Len Harvey, executive managing director and general manager, BGC Partners, Asia-Pacific.
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