BGC Partners, a global brokerage company servicing the wholesale financial markets, has started using non-deliverable options (NDOs) on Thomson Reuters’ service Thomson Reuters Trade Notification. BGC Partners is now able to offer its customers with straight-through processing (STP) for the additional over-the-counter FX instrument. The move will allow BGC’s client base to benefit from the reductions in risk and costs that result from improved transparency and reporting. Thomson Reuters Trade Notification is an independent platform that utilizes the company’s post-trade network, currently servicing over 500 institutions across 70 countries worldwide. The solution connects banks, brokers and ECNs seamlessly with their counterparties.

Click here for the release from Thomson Reuters.