BGC Group, Inc. (Nasdaq: BGC) announced that its subsidiary, BGC Brokers L.
P., has been authorized as a U.
K. registered benchmark administrator licensee by the U.
K. Financial Conduct Authority (FCA) under the U.
K. Benchmarks Regulation, allowing it to provide regulated swaps pricing benchmarks.
The approved benchmark offerings include swaps pricing in EUR IRS, GBP IRS, and XCCY swaps, as well as EU and U.
K. Inflation swaps. This authorization offers clients an FCA-regulated reference page, enhanced data quality, and a robust alternative benchmark solution for their issuance activities. The expanded range of approved products is intended to strengthen BGC’s value proposition and support issuance workflows.
Nadim Mourad, Executive Managing Director at BGC, stated, “BGC is one of the world’s leading interest rate derivatives brokers with a comprehensive benchmark reference page for EUR, GBP swaps, inflation, and cross-currency products, covering the full forward curve. This registration enables us to provide clients with regulated benchmark reference data that supports valuation and risk management activities across key rates markets.”
Sean Windeatt, Co-Chief Executive Officer at BGC, added, “We are pleased to become a registered benchmark administrator in the U.
K., reflecting our commitment to the highest standards of benchmark administration and our dedication to integrity, transparency, and resiliency for our clients. We look forward to expanding our benchmark offerings into other products and markets.”
Reference pages for these swaps products are available on Bloomberg and LSEG.
BGC Group, Inc. (Nasdaq: BGC) operates as a global marketplace, data, and financial technology services company. Its offerings span various products, including fixed income, foreign exchange, energy, commodities, shipping, and equities, and it also encompasses the FMX Futures Exchange. BGC serves major financial institutions globally, including banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. FMX, a part of BGC Group, was developed in partnership with leading global investment banks and market-making firms, offering a U.
S. interest rate futures exchange, a spot foreign exchange platform, and a U.
S. cash treasuries platform.
