Fenics Market Data, BGC’s Market Data division, has agreed to a distribution partnership with OTC energy brokerage Amerex Brokers (Amerex), whereby Fenics Market Data will provide Amerex energy-focused market data products to its customer base.
The Amerex market data service offers comprehensive daily indicative price reports covering the North American gas, power, and environmental markets. Amerex Brokers LLC is a wholly-owned subsidiary of GFI Group Inc. (NYSE: GFIG), a leading inter-dealer broker specialising in over-the-counter derivatives products and related securities.
Fenics Market Data’s Global Head of Sales Elliott Hann (pictured), says: “Fenics is delighted to further expand our suite of data products in the energy space and offer this valuable Amerex data.”
“The demand for transparent high-quality OTC energy data has never been higher; the partnership allows us to provide our clients and distribution partners market data gathered by one of the leading energy brokerages in North America,” says Hann.
To further support its energy-focused market-data push in the Americas, Fenics Market Data has hired Michael Galione, a seasoned market data business development professional, with a focus on energy. Michael will be based in New York and will report to Damien Fitzpatrick, Head of Sales in the Americas for Fenics Market Data. “Our investment in the Energy market data business means we need to continue to expand our team to provide dedicated domain expertise in the field. Michael brings us that focus,” adds Fitzpatrick.
Mark Gaynor, Managing Director at Amerex, says: “We are partnering with Fenics Market Data because it is a leading provider and distributor of OTC data across a wide range of asset classes, and this will help us expand our distribution globally.”