BGC Group Launches Opti Match Platform for U.S. Dollar Swaps
BGC Group, Inc. (NASDAQ:BGC) has launched Opti Match. It’s a new, fully electronic trading platform for U.S. dollar swaps. The platform is offered through BGC Derivatives Markets, L.P., and will support institutional investors.
What is Opti Match?
Opti Match is a fully electronic platform to simplify how U.S. dollar swaps are executed. Institutional investors can access the system directly if they are SEF Participants or through their BGC or GFI broker. The platform gives participants flexibility and maintains a secure and transparent trading environment.
Features of Opti Match
The platform streamlines execution and improves transparency for clients. It also offers deeper liquidity across the U.S. dollar swaps market. Opti Match supports varied products, including:
- SOFR Flies & Spreads
- SOFR Feds Basis Term & FOMC
- FOMC Rates SOFR & OIS
- CME/LCH Outrights & Switches
Leadership and Strategy
Charles Veneziano, Executive Managing Director and Head of Rates at BGC Group, emphasized that the platform provides flexibility to trade in three ways: fully electronic, hybrid, or voice. It ensures connectivity and efficiency across different execution styles.
Briana Grazioso, Director of eSales, will lead the Opti Match business. She is responsible for strategy, product development, and client adoption. Her role is central to expanding the platform’s use among institutional clients.
BGC Group has also strengthened its team by hiring Bradley Barclay. She is a senior broker with over 10 years of experience in the U.S. interest rates swap market. Previously with TP ICAP, Barclay brings deep market knowledge and a strong record in interdealer broking. He will grow the Opti Match platform and will report directly to Veneziano.
About BGC Group, Inc.
BGC Group, Inc. is a financial services company. It provides brokerage and technology services to various financial markets. BGC operates as a financial brokerage. It offers products, like government bonds, corporate bonds, interest rate derivatives, credit derivatives, equities, energy, and commodities. The company provides services including trade execution, clearing, and market data.
Summing Up
Opti Match is a significant step in BGC Group’s electronic trading expansion. The company aims to deliver greater efficiency, liquidity, and transparency in U.S. dollar swaps.
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