BGC Unveils Opti Match: Hires for New Platform

BGC Group has unveiled a new electronic trading platform for US dollar swaps, and has hired from rival TP Icap to drive the venue’s growth.

Opti Match is offered through the firm’s BGC Derivatives Markets operation and is accessible to traders either via the SEF or their BGC or GFI brokers. It will initially support SOFR Flies & Spreads, SOFR Feds Basis Term & FOMC, FOMC Rates SOFR & OIS, and CME/LCH Outrights & Switches.

Briana Grazioso, director of e-sales at BGC Group will lead the new business and oversee strategy, product development, and client adoption. The firm has also hired Bradley Barclay, from TP Icap with a particular focus on the growth of the new platform. Barclay has more than a decade of expertise and will report to Charles Veneziano, head of Rates at BGC Group.

“The launch of Opti Match underscores our continued investment in technology,” says Veneziano. “As a full-service provider, we are focused on providing our clients with the flexibility to choose how they trade with us – fully electronic, hybrid, or voice – ensuring seamless connectivity and efficiency across every execution style.”