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Fixed Income

Our Fixed Income data solutions deliver insights into yield curves, spreads, and market liquidity – empowering market participants to navigate the intricacies of the market and enabling informed decision-making.

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Overview

Fixed Income Data,
Built from the
Interdealer Market

A comprehensive, multi-brand Fixed Income data solution built from BGC Group’s regulated trading venues worldwide – spanning electronic, hybrid and voice execution across government bonds, corporate credit, repo and CDS. Pricing reflects real-world interdealer activity across developed and emerging markets globally. Designed to support front-office pricing, credit risk, yield curve analysis and regulatory reporting across the full range of institutional Fixed Income workflows.

Historical Data

From 2020

Countries Covered

40+ countries covered
Our Fixed Income Suite
Fixed Income
Products
1
Government Bonds

Fixed Income securities issued by sovereign governments, used to manage duration and interest rate exposure

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
2
Repo

A short-term collateralised borrowing arrangement using securities, used to manage funding, liquidity and rate exposure

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
3
Corporate Bonds

Debt securities issued by corporations, used to manage credit exposure relative to sovereign benchmarks

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
4
FMX UST

Real-time cash US Treasury pricing from FMX UST – FMX’s fully electronic, ultra-low latency CLOB venue

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
5
Credit Default Swaps (CDS)

A derivative contract providing protection against the default of a reference entity, used to hedge or express views on credit risk

  • 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

Executable & Tradeable

Real-time prices sourced directly from active market participants, reflecting levels at which transactions can be executed in size.

Historical Time Series

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

Reconstructed Orderbook

Aggregated depth-of-market data assembled from observed quotes and trades, giving a structured view of supply and demand at each price level

Regulatory & Reporting

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

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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Smart decisions
begin with the right
market data

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