Fenics Market Data, a division within BGC Group, Inc. (Nasdaq: BGC) (“BGC Group” or “BGC” or the “Company”), today announced it is partnering with ZE PowerGroup (“ZE”) to bring its full suite of energy and commodities pricing data to clients through ZE’s award winning data management solution, ZEMA. The timing of this strategic partnership is reflective of BGC Group’s expansion through the acquisitions of Ginga and Trident to complement GFI’s strong commodities franchise.
This partnership will provide a comprehensive over-the-counter data solution, empowering users to gain deeper insights into market dynamics and make better informed decisions. By leveraging Fenics Market Data’s expertise in pricing data and ZEMA’s complete end-to-end automated data, analytics, and integration service, the partnership aims to provide clients with enhanced services to manage their entire energy and commodities portfolios from a single source.
Rich Winter, Global Head, Fenics Market Data, said, “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.”
“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,” said Aiman El-Ramly, Chief Business Officer, ZE PowerGroup. “The ability to integrate and analyze a broad range of data within ZEMA provides our mutual clients with a powerful mechanism to advance their market positioning,” continues Mr. El-Ramly.
