Skip to main content

BGC Group Announcements. Please click the link for an important message regarding unauthorized and, potentially, fraudulent messages on WhatsApp or similar messaging platforms.

Fenics XCCY Match

Transforming cross-currency basis swap execution into a full front‑to‑back digital experience.

Overview

Bilateral trading re-imagined: fully digitised and operationally resillient.

The cross-currency (XCCY) basis swap market has grown significantly, attracting a diverse global participant base and achieving record trading volumes. Fenics XCCY Match builds on this strong foundation with a purpose-built electronic platform that modernises bilateral trading. Delivering a fully digital, front-to-back workflow, it aligns with established market practices while incorporating counterparty risk controls. The platform enhances execution efficiency, strengthens operational resilience, and supports the industry’s ongoing digital transformation.

WHAT WE OFFER

Designed by a XCCY trader, for XCCY traders

Mid-Market Pricing

FX-derived XCCY basis curves and forwards with transparent implied spreads.

Matching Auction

Anonymous buy/sell orders with concealed volume and direction, matched first-come, first-served.

Name Give-Up

Bilateral counterparty risk checks aligned with established voice‑market practice.

Full STP

Approved trades straight-through processed directly to MarkitWire.

Choice Market

Failed risk checks trigger a choice market with both buy and sell sides available.

Rate Card

Simple, competitive brokerage pricing.

How we help

Leveraging proven technology to deliver a robust XCCY solution

1

Real-Time Pricing

Live XCCY basis levels implied from FX markets, eliminating the need for price discovery.

2

Multi-Curve Coverage

Trade major currency crosses across standard and off‑the‑run tenors.

3

Efficient Execution

A digital solution delivering efficiency to a traditionally manual process.

4

Mitigating Operational Risk

Automation reducing unnecessary risk while aligning with time‑honoured market practices.

5

Scalable

Unlocks the value of optimisation at scale.

GET IN TOUCH

Interested in learning more?

Talk to a Specialist

Contact Form

"*" indicates required fields


WOULD YOU LIKE TO BE INCLUDED IN ADDITIONAL OUTREACH?*