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Regulatory Solutions

BGC-sourced regulatory data solutions supporting compliance, valuation and risk reporting across global jurisdictions and regulatory frameworks.

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Overview

Market Intelligence
That Meets Regulatory
Standards

A comprehensive regulatory data solution built from complete pre- and post-trade activity across all BGC Group entities, centralised and curated by Fenics Market Data. Sourced directly from BGC Group’s financial ecosystem, our data covers the full range of regulatory applications – from surveillance and IPV to prudent valuation, FRTB and evidential trade insights. Designed to deliver the accuracy, timeliness and auditability that compliance, risk management and regulatory reporting workflows demand across global jurisdictions.

Historical Data

From 2000

Currencies Priced

30+ currencies priced across 290+ curves
Our Regulatory Suite
Regulatory Use Cases
1
Surveillance

Pre- and post-trade activity data sourced across all BGC entities, providing evidential basis for effective market surveillance.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
2
Prudential Valuation (PruVal)

Independent market data supporting Additional Value Adjustment (AVA) calculations under CRR Article 105, sourced directly from live BGC Group trading activity across all asset classes.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
3
Fair Value (ASC 820 / IFRS 13)

Independent valuation data meeting regulatory standards, sourced from real BGC Group trading activity across all asset classes.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
4
Independent Price Verification (IPV)

Independent market pricing drawn from live BGC Group activity, providing the evidential basis for robust IPV.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
5
Market Risk

Broker-sourced pricing supporting market risk measurement, VaR modelling and capital adequacy requirements.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
6
Evidential Order & Trade Insights

Order and trade records across all BGC Group entities, supporting evidential regulatory reporting requirements.

  • MODELLED DATA ☑
  • TRADE & ORDER DATA ☑
7
FRTB (RFET)

FMD provides the market data required for risk factor observability under FRTB.

  • 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

Executable & Tradeable

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

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

OTC Valuation & MTM

Independent mark-to-market valuations for bilateral and cleared OTC positions, produced to standards suitable for audit, reporting, and dispute resolution

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)

Data distributed exclusively by FMD Distributed exclusively by BGC's Financial Markets Data (FMD) division, these prices originate from execution activity across BGC Group's global regulated trading venues — spanning electronic, hybrid, and voice trading workflows. The dynamics sourced from live dealer interaction, indicative quotes, and real transactions are captured and normalized through established operational processes, delivering consistent, venue-aware pricing insights reflective of real market conditions.

Learn More About Our Solutions

Get Started

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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