Energy, Commodities & Shipping

BGC Group's Energy, Commodities & Shipping (ECS) business is the firm's largest asset class by revenue, built through a decade of targeted acquisitions and now comprising 25 specialist brands spanning Crude and Refined products, Power, Natural Gas & LNG, Environmental, Freight, Dry Bulk and Metals.

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Overview

Full‑Spectrum
Intelligence Spanning
the World’s
Energy, Commodities & Shipping
Ecosystem

A full‑suite, multi‑brand energy and commodities & shipping market data solution delivering trusted pricing to help market participants navigate complex and evolving Energy, Commodities & Shipping markets with precision and confidence. Coverage spans oil, power, natural gas and LNG, freight, coal, and metals. Data is sourced from BGC Group entities across multiple regulated trading venues globally, with pricing derived directly from day‑to‑day market activity across electronic, hybrid, and voice execution. This ensures transparent, transaction‑driven insight across both the physical supply chain and related financial markets.​

Global Energy, Commodities & Shipping Coverage
1
Crude and Refined Products

From the wellhead to the pump, full global coverage across every stage of the barrel — crude, middle distillates, light ends, LPG, and fuel oil across the world's key trading hubs.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
2
Power, Natural Gas & LNG

Where electrons meet molecules. Spanning major power grids and gas hubs across APAC, EMEA, and North America, with deep coverage of the fast-growing global LNG market.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
3
Environmental

The markets shaping the energy transition. Carbon, emissions, RECs, and biofuels across APAC, EMEA, and North America — covering the full spectrum of environmental compliance and voluntary markets.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
4
Freight

The arteries of global commodity trade. Wet and dry freight markets, including FFAs, across the world's most critical shipping routes and chokepoints.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
5
Dry Bulk

The backbone of industrial energy, steelmaking, and global food supply. Comprehensive coverage of coal, iron ore, iron ore options, and soft commodities across the trading corridors of EMEA and APAC.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
6
Metals

From safe-haven gold to the building blocks of the energy transition. Precious, base, and battery metals coverage across the markets that matter most.

  • 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

End-of-Day & Closing

Independently sourced closing marks across all tenors and instruments, designed to support daily P&L, risk, and valuation workflows

Historical Time Series

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

Broker Mid

Mid-market rates sourced from BGC's global brokerage network, reflecting the interdealer market before any client spread or skew is applied

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.

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