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Interest Rate Derivatives

Real-time Interest Rate Derivatives data sourced from BGC's global broker network, spanning developed and emerging markets across the full rates curve.

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Overview

Global Rates Pricing,
Sourced Where
the Market Trades

Our Interest Rate Derivatives data gives market participants a comprehensive, multi-brand view of global and local rates markets — built from real activity across BGC Group’s regulated trading venues worldwide. Pricing is derived from live electronic, hybrid and voice execution, spanning developed and emerging markets across the full term structure. Whether supporting front-office pricing, risk and valuation, or regulatory reporting, our data is designed to deliver the accuracy and transparency that institutional workflows demand.

Historical Data

From 2008

Currencies Priced

45+ currencies across 700+ curves
Our Rates Suite
Linear
Derivatives
1
Interest Rate Swaps (IRS)

A contract exchanging fixed interest payments for floating rate payments, used to manage interest rate exposure

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
2
Overnight Index Swap (OIS)

A swap exchanging fixed payments for a floating overnight risk-free rate, used to manage short-term rate exposure

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
3
Cross-currency

A swap exchanging interest and principal across two currencies, used to manage cross-currency funding and basis risk

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
4
Basis Swaps

A swap exchanging two floating rates within the same currency, used to manage funding spreads and liquidity 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

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

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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Smart decisions
begin with the right
market data

We start at the source so you don't have to. Connect with Fenics Market Data today.

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