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BGC PARTNERS RECOGNIZES MORE COUNTRIES FOR SWAP FIXING
Posted August 18, 2009
LONDON -- Inter-dealer broker BGC Partners Inc. (Nasdaq: BGCP), has
expanded its daily swap fixing pages, recognizing more countries in
Central and Eastern Europe, Russia and the Asia-Pacific region as
official price references under ISDA (International Swaps and
Derivatives Association) documentation.
“As the global market expands the need for the provision of accurate
pricing information increases,” says Philip Norton, Executive Managing
Director and global head of e-Commerce at BGC Partners. “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.”
BGC Partners began providing ISDA-defined fixings on August 3 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.
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