BGC Group Shatters Tradition with First Fully Electronic Platform for U.S. Dollar Swaps

Wall Street's swap desks just got a digital overhaul—and the old guard might not like it.

BGC Group launches the industry's first completely electronic trading platform for U.S. dollar swaps, cutting out the middlemen and phone-based negotiations that have dominated the $3 trillion market for decades.

Streamlined Execution, Zero Nostalgia

The platform automates price discovery, trade matching, and settlement—bypassing the traditional voice brokerage system that's been prone to errors and delays. Trades execute in milliseconds instead of minutes.

Finally, swaps join the 21st century—though we're sure some bankers miss the thrill of yelling across a trading floor.

BGC Group, Inc., a leading global brokerage and financial technology company, announced the launch of Opti Match, the company’s new fully electronic trading platform for U.S. dollar swaps offered through BGC Derivatives Markets, L.P.

Institutional investors can access Opti Match either directly if they are SEF Participants or through their BGC or GFI broker.

The Opti Match is designed to streamline execution, enhance transparency, and deliver superior liquidity across the U.S. dollar swaps landscape and will initially support a comprehensive suite of products, including:

• SOFR Flies & Spreads
• SOFR Feds Basis Term & FOMC
• FOMC Rates SOFR & OIS
• CME/LCH Outrights & Switches

“The launch of Opti Match underscores our continued investment in technology and our commitment to delivering best-in-class solutions for our clients,” “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.”

Briana Grazioso, Director of eSales at BGC Group, will lead the Opti Match business and oversee strategy, product development, and client adoption.

Bradley Barclay, a senior broker in the U.S. interest rates swap market, will join BGC Group with a particular focus on the growth of the new platform. Mr. Barclay was previously at TP ICAP and brings 10+ years of DEEP market expertise and a strong track record in interdealer broking, further strengthening BGC’s capabilities in the U.S. dollar swaps space. He will report to Charles Veneziano, Executive Managing Director, and Head of Rates at BGC Group.

Source: BGC Group