BGC moves inflation-protected securities to hybrid platform

Source: BGC Partners

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners" or "BGC"), a leading global brokerage company primarily servicing the world's largest financial institutions, today announced that it has launched BGC Trader for Treasury Inflation-Protected Securities ("TIPS"), available exclusively to primary dealers.

Customer quotes and orders in TIPS will be posted at and executed by BGC Financial, L.P., an affiliated US-registered broker-dealer.

Now available for TIPS, BGC Trader is a proprietary multi-asset, integrated voice and electronic price execution platform. By leveraging BGC's existing global technology and applying it to a new asset class, BGC Trader for TIPS combines the functionality of Volume Match with straight-through processing to ensure rapid and efficient price discovery, order management and execution.

"As a leading cash and derivatives inter-dealer broker and a strong proponent of increased liquidity and transparency in the marketplace, we are delighted to offer primary dealers in TIPS a new and flexible route to trading using our hybrid system," said D'Arcy Miell , Global Head of Inflation Products. He continued: "This represents an exciting milestone for the TIPS marketplace as we encourage new routes to liquidity. We are confident that this latest offering will further strengthen our position as the recognized leader in this field[1]."

Clive England , Director, Head of e-Commerce, North America , commented: "This launch adds to BGC Trader's growing suite of hybrid products across multiple asset classes and further expands our footprint in global territories. As the markets become more complex and fast-paced, we're finding increased appetite amongst our client base for our proven technology platform that offers functionality rich, lightweight applications within a secure, regulated environment."

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