In a strategic move, Fenics Market Data, a division of BGC Group, Inc., has partnered with data integration and analytics platform provider ZE PowerGroup, to offer its energy and commodities pricing data to clients through ZEMA, ZE’s data management solution. The initiative will further boost BGC’s energy and commodities services, following in the wake of the Group’s recent acquisitions of brokerage firms Ginga and Trident.
The partnership between Fenics Market Data and ZE aims to provide an all-encompassing over-the-counter data solution for energy and commodities, designed to give clients deeper insights into market dynamics, thus enhancing their data-driven decision-making.
Central to the alliance is the combination of Fenics Market Data’s data pricing expertise and ZEMA’s automated data, analytics, and integration service, which together will offer a complete energy and commodities portfolios from a single, consolidated source.
Rich Winter, Global Head, Fenics Market Data, commented: “Energy and commodity trading firms require consolidated data solutions to manage increasing market volatility. Delivering our unique datasets through a best-in-class data management tool such as ZEMA allows businesses to reduce manual intervention through enhanced data accuracy and consistency. This leads to faster trade execution and risk assessment while improving risk mitigation and reporting capabilities, benefiting all counterparties involved in the trade cycle. ”
Aiman El-Ramly, Chief Business Officer, ZE PowerGroup, added, “ZE is thrilled to be partnering with Fenics Market Data, the exclusive distributor of high value energy and commodities data for the BGC Group and its affiliates. The addition of Fenics Market Data provides ZE with important access to strategic energy and commodities data that will enhance our mutual clients’ understanding of the markets they participate in. The ability to integrate and analyse a broad range of data within ZEMA provides our mutual clients with a powerful mechanism to advance their market positioning.”
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