FEATURES
Fenics GO offers a best-in-class listed derivative electronic platform
Key Characteristics
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Liquidity
- Providers committed to competitive & rapid responses in price and size
- Providers committed to competitive & rapid responses in price and size
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Anonymity
- Access liquidity without disclosing identity, size, or direction to the market
- Access liquidity without disclosing identity, size, or direction to the market
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Reduced Tick Size
- Ability to quote in tighter spreads
- Ability to quote in tighter spreads
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Market Intelligence
- Historical interests, prices, and trading levels captured for enhanced market data & analytics
- Historical interests, prices, and trading levels captured for enhanced market data & analytics
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Interest Protection
- Requesting initiator has priority for a specified time period
- Requesting initiator has priority for a specified time period
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Efficiency & Compliance
- STP for transactions to the exchange including time stamps for full transparency of order flow
- STP for transactions to the exchange including time stamps for full transparency of order flow
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Fair and Transparent
- Price-time priority a key principle
Workflow
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Direct User Input:
- Clients use the web based platform responsively to interact with quotes
- Clients use the web based platform responsively to interact with quotes
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Liquidity Manager & Broker Input:
- Intermediaries highlight interests to their customers to drive flow to the platform
- Intermediaries highlight interests to their customers to drive flow to the platform
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Multiple Protocols:
- Participants may interact by providing a price during the RFS stage or join in Volume Clearing session after a price has matched
Regulatory Considerations
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Performance analysis is promoted via transparent multilateral price competition
- Non-venue status under MiFID II
Market Data & Analytics Consumers
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All requests and associated trade data are captured
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Historical trading levels are displayed in GUI
- Individually tailored performance reports are available

FENICS GO
Copyright © 2023 Fenics Software, Inc. All Rights Reserved. © 2019 BGC Brokers LP. All rights reserved. BGC does not represent or warrant the suitability, accuracy or completeness of the material. The material is provided on an ‘as is’ and ‘as available’ basis. The contents of this material are confidential. You must not copy or redistribute any of this material (in whole or in part) without the express written authority of BGC.
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