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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