Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

14893

BGC Partners approved to broker FX options in China

RELATED TOPICS​

China Credit BGC Money Broking Company (CCTBGC), a joint venture between BGC Partners and China Credit Trust, has been granted a license by the State Administration of Foreign Exchange (SAFE) to broker FX options to the interbank market in China.

CCTBGC was established in 2009. The following year it became the first Sino-foreign joint venture inter-dealer broking company to be granted a business license by the China Banking Regulatory Commission to operate in Beijing and has since offered interest rate swaps, bonds, interbank cash deposit products and FX forwards to Chinese and foreign banks in China.
 
"I am delighted that BGC has received its license to broker FX options in China," says Daniel M LaVecchia, executive managing director, North America and global head of FX products. "Since commencing brokering of FX options at the end of March we have seen strong interest and demand from our valued clients. The addition of FX options to BGC's suite of products means we are well placed to meet the needs of the marketplace in China through an extended and comprehensive array of FX products."
 
"We are pleased the marketplace has responded swiftly and positively to our joint venture, largely due to the application of our world-class technology as well as our deep access to liquidity," says Shaun D Lynn, president of BGC. "Our ability to now offer FX options in addition to other financial instruments is being welcomed by our clients, further strengthening our position in the market and underscoring BGC's commitment to China and the Asia-Pacific region."

Latest News

RQI Investors, an Australian-based active quantitative equities manager and part of the First Sentier Investors..
UK-based wealth management companies London & Capital and Waverton have announced that they have reached..
Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence..

Related Articles

British pound coin
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates at the Pensions and Lifetime Savings Association investment conference have heard...
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates..
Sustainable Economy Top Panel
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Pension funds
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s net zero and levelling up ambitions...
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s..
Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by