Success Stories
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Fenics Market Data
How Fenics Market Data Extends Institutional OTC Pricing Through Pyth
How Fenics uses Pyth to distribute OTC pricing from one of the world’s largest interdealer broker networks to modern financial applications.
Infrastructure
Data Services
Challenge
Some of the most important price discovery in fixed income happens over the counter, where institutions trade off-exchange, often through dealer networks. That makes OTC pricing valuable but also difficult to distribute. Data often sits inside broker networks, vendor relationships, and specialized institutional channels. For applications building trading systems, valuation tools, and risk infrastructure, this creates a gap between where prices are formed and where those prices can be used.
Solution
OTC fixed income pricing doesn’t have to stay trapped in legacy distribution rails. Through the Pyth Data Marketplace, Fenics Market Data now delivers executable institutional pricing sourced from BGC Group’s global dealer-to-dealer activity into Pyth’s modern infrastructure.
Impact
A major stream of dealer-to-dealer OTC pricing is now available in rails built for continuous markets and programmable applications. Fenics’ contribution expands Pyth’s fixed income coverage and makes high-signal institutional pricing easier to integrate into modern financial software.
