NasdaqGS:BGCCapital Markets
Will FCA Benchmark Approval for Swaps Reshape BGC Group's (BGC) Role in Rate Markets?
BGC Group, Inc. recently announced that BGC Brokers L.P. has been authorized as a U.K. registered benchmark administrator by the FCA under the U.K. Benchmarks Regulation, covering EUR and GBP interest rate swaps, cross-currency swaps, and EU and U.K. inflation swaps.
This regulatory approval broadens BGC’s benchmark offering, giving clients an FCA-regulated reference, improved data quality, and an additional benchmark option to support issuance workflows.
We will now explore how gaining FCA...