BGC Trades First Electronic Dollar Interest Rate Option

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Officials at wholesale interdealer broker BGC Partners have confirmed that the firm's first fully electronic dollar interest rate option trade was executed earlier today.  

The trade was initiated on BGC’s multi-asset execution platform, BGC Trader, using its in-house Volume Match application—an anonymous auction-style trading system that facilitates electronic transaction of asset classes.

Today's announcement marks the next step in BGC's current drive to expand the firm's electronic

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