Foreign Exchange

The Global FX market in one place. Real-time data from multiple brokers – broad currency coverage, deep liquidity insight, and a clearer market view of market dynamics.

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Overview

Global Coverage,
Local Market Depth

A comprehensive, multi-brand FX data solution enabling market participants to navigate global and local currency markets with precision and confidence. Sourced from BGC Group’s regulated trading venues worldwide, our pricing is derived from day-to-day activity across electronic, hybrid and voice execution. Covering 400+ currency pairs from G10 majors through to emerging and local markets, our data reflects real trading activity – supporting transparent valuation, robust risk management and informed decision making across the full range of institutional workflows.

Our FX Suite
FX Pricing & Derivatives
1
Spot FX & Crosses

The exchange of one currency for another at the current market price, for almost immediate settlement

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
2
Forward FX

Forward FX allows market participants lock in today’s rate to manage future currency risk, expressed as outright and points

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
3
NDF (Non-Deliverable Forward)

NDF is a Forward FX contract used to manage currency risk where physical currency delivery is restricted

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
4
Precious Metals Spot & Derivatives

Precious Metals Spot, forwards and swaps are price‑based contracts used to manage metal and FX exposure

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
5
FX Options

Volatility data expressed as ATM, Risk Reversal and Butterfly surfaces as well as Delta specific prices

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
6
FX Option Event Risk

Volatility data specifically aimed at capturing how global events are absorbed into FX markets

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑

Available As

A Complete View
of Market Pricing

Trade & Order

Anonymised transaction and order flow data captured from BGC Group’s 500+ liquidity pools and execution venues, providing insight into real market activity and price formation

Indicative / Modelled

Derived pricing constructed from in-house quantitative models, calibrated continuously against live broker observations to reflect true market consensus

Historical Time Series

Deep archives of pricing data spanning multiple market cycles, enabling backtesting, model validation, and long-run trend analysis

Curve & Surface

Complete term structure construction across all standard tenors, delivered as full curves and multi-dimensional volatility surfaces

Regulatory & Reporting

Pricing and data outputs formatted to meet specific regulatory requirements, including FRTB, EMIR, MiFID II, and internal model validation standards

Custom / Bespoke

Tailored pricing and data solutions built to client specification — covering non-standard tenors, proprietary curve construction, or unique instrument types not covered by standard feeds

Data distributed
exclusively by
Fenics Market Data
(FMD)

Fenics Market Data ("FMD") is the exclusive distributor of data for BGC Group, Inc. (NASDAQ: BGC) and its affiliates ("BGC Group Entities"). Data is sourced from BGC Group's financial ecosystem, capturing observable, indicative, and Level 2 (Order/Trade) data across BGC's global broking operations. Pricing reflects real market activity across electronic, hybrid, and voice execution sourced directly from BGC Group's multiple regulated trading venues. These market dynamics, derived from interdealer broker activity, indicative quotes, and executable transactions, are captured and normalized through FMD's established data operations, delivering consistent, venue-aware pricing insights reflective of real OTC market conditions.

Learn More About Our Solutions

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