FEATURES

Fenics GO offers a best-in-class listed derivative electronic platform

Key Characteristics

• Liquidity
  
  • Providers committed to competitive & rapid responses in price and size
    
• Anonymity
  
  • Access liquidity without disclosing identity, size, or direction to the market
    
• Reduced Tick Size
  
  • Ability to quote in tighter spreads
    
• Market Intelligence
  
  • Historical interests, prices, and trading levels captured for enhanced market data & analytics
    
• Interest Protection
  
  • Requesting initiator has priority for a specified time period
    
• Efficiency & Compliance
  
  • STP for transactions to the exchange including time stamps for full transparency of order flow
    
• Fair and Transparent
  
  • Price-time priority a key principle

Workflow

• Direct User Input:
  
  • Clients use the web based platform responsively to interact with quotes
    
• Liquidity Manager & Broker Input:
  
  • Intermediaries highlight interests to their customers to drive flow to the platform
    
• 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

• Performance analysis is promoted via transparent multilateral price competition
  
• Non-venue status under MiFID II

Market Data & Analytics Consumers

• All requests and associated trade data are captured
  
• Historical trading levels are displayed in GUI
  
• Individually tailored performance reports are available