Inter-dealer broker BGC Partners has launched an electronic trading platform for listed futures and options in collaboration with market-makers Optiver, IMC and Maven Securities.

The London-based brokerage and tech firm said on Wednesday it is introducing a trading and market data platform for exchange-listed futures and options called Fenics Global Options (Fenics GO).  

The platform initially offers Eurex-listed Euro Stoxx 50 Index Options and related Delta 1 strategies, the firm said in a statement.

The broker said the aim is to connect liquidity takers with liquidity makers in a transparent marketplace while allowing traders to access liquidity anonymously, and recognising the importance of electronic trading.

“There was a gap in the market for listed equity derivatives that Fenics GO fills by providing an efficient and compliant platform for accessing liquidity electronically,” Dean Berry, global head of electronic and hybrid markets, at Fenics, a division of BGC Group, said in a statement.

Fenics GO aims to enhance the voice brokerage model by connecting participants and intermediaries directly in an electronic environment.  

The platform is open to all liquidity providers, global banks and non-affiliated third party brokers.

Maven Securities’ director Ivan Koedjikov said it will provide deeper liquidity in listed options, while Kjelle Blom, chief operating officer of Optiver Europe, said it is “modernising global broker markets”.

Jan Willem Köhne, head of Europe for IMC, added the Dutch market-maker will be able to deliver “unique execution to the trading community” through a combination of IMC’s liquidity and connecting to Fenics GO.

Fenics GO will specialise in block trades for global exchange listed options and delta 1 products, with a focus on low costs, fairness, transparency and resiliency.

Fenics was selected last year by Dah Sing Bank to power its FX options pricing and distribution business.

Since then BGC’s compression arm Capitalab has joined forces with the Singapore Exchange to introduce the first equity derivatives compression service in the region.