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BGC teams up with trading firms to electronify options market

Fenics Global Options is designed for trades that are bigger than those on Eurex, but smaller than those conducted via traditional voice brokers

BGC Partners, the New York-headquartered brokerage, has partnered three trading companies to shake up the options market.

BGC is launching Fenics Global Options, a market for buying and selling options. The market-makers Optiver, IMC and Maven Securities will provide liquidity to the platform.

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