Fenics Market Data, the Market Data division of BGC Partners (NASDAQ: BGCP) ("BGC Partners", "BGC", or "the Company"), and China Credit BGC Money Broking Company Limited ("CCT-BGC") have agreed to a distribution partnership, whereby Fenics Market Data will exclusively provide CCT-BGC's Chinese market data products to global clients.
Through this agreement, FENICS Market Data is becoming the sole international commercial agent for CCT-BGC's market leading onshore Chinese data, covering the Fixed Income, Interest Rate and Foreign Exchange markets.
CCT-BGC, established by China Credit Trust Co., Ltd. (CCT) and BGC, is the first money-broking company granted by the China Banking Regulatory Commission (CBRC) in Beijing. It operates as an inter-dealer broking company, offering interest rate swaps, bonds, and interbank cash deposit products to Chinese and foreign banks in Beijing.
Elliott Hann, Global Head of Sales at FENICS Market Data commented: "FENICS Market Data is very pleased to add CCT-BGC data to our already extensive Asian market coverage. Our agreement with CCT-BGC will be mutually beneficial, as we expand the reach of CCT-BGC's data worldwide, while also building out the data content of BGC's portfolio." CCT-BGC data will be offered directly via FENICS Market Data and its channel partners around the globe.
Yong Wang, Head of CCT-BGC Data Marketing, said, "We are excited to partner with FENICS Market Data to offer in-depth coverage of the Chinese markets, thanks to FENICS Market Data's global reach and data expertise. As our business grows in China, we are looking forward to providing our data globally via FENICS Market Data's extensive coverage."