Fenics GO, a division within BGC Partners, Inc. announced that Citadel Securities, a leading global market maker, has joined its pioneering electronic trading platform for exchange listed futures and options. Citadel Securities joins IMC, Maven Securities and Optiver in providing committed two-way liquidity in Eurex listed Euro Stoxx 50 Index Options and related Delta 1 strategies through the Fenics GO platform.
Jean-Pierre Aubin, Executive Managing Director and Global Head of Listed Products at BGC, commented: “We are delighted to broaden the number of liquidity providers with Citadel Securities in order to deliver immediate, anonymous, and substantial liquidity in listed equity derivatives products in a fully electronic end-to-end environment. This expansion of Fenics GO’s liquidity profile is a major milestone in expanding the benefits provided to our clients.”
Jonathan Finney, Head of Global Equity Development at Citadel Securities said: “Joining Fenics GO aligns with our support of electronic markets and provides yet another opportunity for us to serve the liquidity needs of the options trading community. We are excited to become a liquidity provider on this platform and look forward to benefitting the market through our participation.”
Fenics is the BGC Group’s foundation for fully electronic and associated hybrid transactions across all asset classes. Fenics GO specialises in the arrangement of block trades for global exchange listed options and delta 1 products. Capitalising on BGC’s electronic trading heritage, its goal is to enhance the current voice brokerage model by offering a technologically advanced electronic platform connecting market participants and intermediaries directly.
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