LONDON, Dec. 13, 2018 /PRNewswire/ -- Capitalab, a
division of BGC Brokers LP, an entity within BGC Partners, Inc.
(NASDAQ: BGCP) group of companies today announced the execution of
Capitalab's first compression cycle of OTC Interest Rate products
cleared by CME Clearing.
Capitalab's compression services now support CME cleared
Interest Rate Swaps (IRS) and Forward Rate Agreements alongside
bilateral Swaptions, Caps, Floors and IRS, providing a combined
option and cleared swap compression service, designed to improve
compression and operational efficiency.
"We are delighted to extend our compression services to include
products cleared at CME Clearing, as Capitalab seeks to innovate by
bridging the gap between cleared and non-cleared products,"
said Gavin
Jackson, Capitalab's London based co-founder. "We look
forward to providing compression services for more CME cleared
products."
About Capitalab
Capitalab, a division of BGC Brokers
LP, provides compression services that are designed to bring
greater capital and operational efficiency to the global
derivatives market. It assists clients in managing the
growing cost of holding derivatives, while helping them to
meet their regulatory mandates. Through the Swaptioniser® service
for portfolio compression of Interest Rate Swaptions, Interest Rate
Swaps, Caps and Floors and FX Options, as well as Initial Margin
Optimisation service and fully automated trade
processing, Capitalab looks to simplify the complexities of
managing large quantities of derivatives to promote sustainable
growth and lower systemic risk and to improve resiliency in the
industry. The Capitalab brand is part of FENICS's fully electronic
family of brands. BGC Brokers LP is authorised and regulated
by the UK Financial Conduct Authority and is based
in London. BGC Brokers LP is a subsidiary of BGC
Partners, Inc. (NASDAQ: BGCP), a leading global brokerage and
financial technology company.
For more information: https://www.capitalab.co.uk/
About BGC Partners, Inc.
BGC Partners is a leading
global brokerage and financial technology company. BGC owns GFI
Group Inc., a leading intermediary and provider of trading
technologies and support services to the global OTC and listed
markets. BGC's Financial Services offerings include fixed income
securities, interest rate swaps, foreign exchange, equities, equity
derivatives, credit derivatives, commodities, futures, and
structured products. BGC provides a wide range of services,
including trade execution, broker-dealer services, clearing, trade
compression, post trade, information, and other services to a broad
range of financial and non-financial institutions. Through brands
including Fenics, BGC Trader, Capitalab, Lucera, and Fenics Market
Data, BGC offers financial technology solutions, market data, and
analytics related to numerous financial instruments and markets.
BGC, BGC Trader, GFI, Fenics, Fenics Market Data, Capitalab, and
Lucera are trademarks/service marks and/or registered
trademarks/service marks of BGC Partners, Inc. and/or its
affiliates.
BGC's customers include many of the world's largest banks,
broker-dealers, investment banks, trading firms, hedge funds,
governments, corporations, and investment firms. BGC's Class A
common stock trades on the NASDAQ Global Select Market under the
ticker symbol "BGCP". BGC Partners is led by Chairman and Chief
Executive Officer Howard W. Lutnick.
For more information, please visit http://www.bgcpartners.com. You
can also follow BGC at https://twitter.com/bgcpartners,
https://www.linkedin.com/company/bgc-partners and/or
http://ir.bgcpartners.com/Investors/default.aspx.
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not historical
facts are "forward-looking statements" that involve risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements. Except as
required by law, BGC undertake no obligation to update any
forward-looking statements. For a discussion of additional risks
and uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see BGC's
Securities and Exchange Commission filings, including, but not
limited to, the risk factors set forth in these filings and any
updates to such risk factors contained in subsequent Forms 10-K,
Forms 10-Q or Forms 8-K.
Media Contact:
Harjeet
Singh
+44 207 894 8829
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