The fintech and data services company said its artificial intelligence (AI)-led platform facilitated an institutional Eurex options trade between two counterparties, including Hudson Bay Capital.
Fintech and data services firm BGC Group has launched Fenics AI and completed what it described as the first fully AI-brokered institutional trade in listed equity derivatives through its subsidiary, Aurel BGC. The transaction was conducted on 3 September Autonomous AI systems managed the entire trading workflow, from price discovery to execution, the firm said. The transaction was conducted on 3 September in Eurex-listed Swiss SMI options between two institutional accounts, including