BGC Partners Unveils Electronic Platform For Yen IRS Market - Quick Facts

(RTTNews) - BGC Partners, Inc. (BGCP), a brokerage company servicing the financial and real estate markets, announced Monday that it has launched BGC Trader for Yen Interest Rate Swaps or IRS.

BGC noted that it is the first interdealer broker to launch a fully electronic platform for the Yen IRS market. This new market offering utilizes BGC Trader, BGC's proprietary multi-asset, integrated voice and electronic price execution platform.

With this, BGC has introduced rapid and efficient price discovery, order management and execution for customers seeking access to the Yen IRS market. The company said it has electronically executed Yen IRS trades with a variety of domestic and international banks and has utilized JSCC, LCH and SEF settlements.

Philip Norton, Executive Managing Director, Global Head of e-Commerce, BGC Partners, said, "This launch underscores our commitment to innovation and adds to our growing suite of electronic product offerings in Asia. We will continue to increase our electronic offering in new product areas where there is client demand and stay at the forefront of electronic trade execution."