The BGC Partners international fintech company and brokerage, had one of its divisions, going by Fenics GO, announce that Citadel Securities joined its platform for electronic trading. With this, the global market maker will be able to exchange its futures and options on Fenics GO’s platform.
Joining A Seasoned Roster
Citadel Securities stands alongside names like Maven Securities, IMC, and Optiver when it comes to providing two-way, committed liquidity within Eurex. They are all collectively listed as Euro Stoxx 50 Index Options and are related to the Delta 1 strategies. All of which will be done by way of the Fenics GO platform.
Citadel Securities’ Head of Global Equity Development, Jonathan Finney, gave a few good words when it came to the new arrangement. He explained that the decision to join Fenics GO handily aligns with the group’s ongoing support of electronic markets. Furthermore, it provides further opportunities when it comes in terms of serving as the options trading community’s supplier of liquidity needs. As is usually the case, Finney explained that Citadel Securities is both happy and eager to provide its services on the Fenics GO platform.
Delving Into the Electronic Trading Market
It’s almost been a year since BGC Partners had announced the launch of its new Fenics Global Options (Fenics GO) platform. Standing as a pioneer in market data generation and electronic trading, Fenics GO involves both the arrangement and execution of listed options and futures.
Fenics GO leveraged the Industry’s top liquidity providers and launched Eurex, listed in the Euro Stoxx 50 Index Options, as well as being related to the Delta 1 Strategies. This allows for traders across the globe to gain access to Fenics Go’s liquidity anonymously and electronically. All the while, Fenics GO stands fully integrated within the Eurex workflow, enabling seamless processing front and back when it comes to cleared trades.
Electronic Trading Platform With High Likelihood of Success
Fenics Go serves as a marketplace with full electronic integration. It combines various complementary protocols to ensure a work-up of arrayed interests to work dynamically with one another. Fenics GO allows traders to access and directly interact with multiple sources of liquidity in a quick, efficient, and secure way.
With the world slowly moving both to open regulation and increased privacy, Fenics GO is trying to cater to the latter group. Time will only tell if it proves successful, but the firm has the backing of a powerful exchange. Sometimes, what matters is having the resources to stave off a winter, then enjoy the spring afterward.