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Interest Rate Options

Broker-sourced Interest Rate Options data delivering real-time volatility and pricing across global developed and emerging markets.

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Overview

Broker-Sourced
Pricing Across the
Global Rates
Options Market

A comprehensive, multi-brand Interest Rate Options data solution built from BGC Group’s regulated trading venues worldwide – spanning electronic, hybrid and voice execution across major currencies and markets. Pricing reflects real-world interdealer activity across caps, floors, swaptions and volatility surfaces, from short-dated to long-tenor instruments. Designed to support front-office pricing, risk management, valuation and regulatory reporting across the complete range of institutional use cases.

Historical Data

From 2008

Currencies Priced

32+ currencies & over 300+ term structures
Our Rates Suite
Non-Linear
Derivatives Products
1
Swaption

An option granting the right to enter an interest rate swap at a future date, used to manage rate and volatility exposure.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
2
Cap/Floor

Interest Rate Options setting a ceiling or floor on floating rate payments, used to limit exposure to adverse rate movements.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
3
CMS Swap

A swap where payments are linked to a constant maturity swap rate, used to express or hedge views on the shape of the yield curve.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
4
CMS Spread Options

An option on the spread between two constant maturity swap rates, used to hedge or express views on yield curve movements.

  • 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

Volatility & Greeks

Implied volatility surfaces alongside first and second-order sensitivities, calibrated to liquid market instruments and available at instrument level

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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begin with the right
market data

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