BGC Partners goes live with Gissing ConteX MCS
BGC Partners, a worldwide brokerage firm spun-off from Cantor Fitzgerald in 2004, went live with an implementation of Gissing ConteX MCS earlier this year. BGC is using Gissing ConteX MCS to provide centralised output for contributions for various business areas including swaps and derivatives.
Prices are routed from BGC’s offices around the world to its market data platform in London, the information then goes into the Gissing ConteX MCS input handler and is routed to the output handler which then sends prices both to Bloomberg and also internal to the company. As BGC’s contributions business grows, Gissing ConteX MCS can expand to handle the extra capacity and to support multiple feeds to other providers such as Reuters.
The configuration installed at BGC Partners includes a duplicate system which is running in “hot standby” mode processing identical information, ready to take over in the event of any system failure on the primary system. Together with Gissing ConteX’s continuous monitoring capability and automatic restart, this ensures continuity of contributions.
Philip Norton, Head of e-Commerce at BGC Partners said, “BGC Partners is committed to expanding its operations in Europe, Asia and the US whilst also making continued efforts to enter into new markets... Gissing’s Gissing ConteX MCS meets our business and technology requirements – including speed to market and rapid deployment to new users. It is a resilient and proven system and through its utilisation BGC will significantly increase the speed and volume of our contributions."
See exclusive story in IMD August 29th 2005 (PDF, 63KB)
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