Netdania added institutional foreign exchange options pricing from Fenics Market Data to its APIs today (Thursday), covering more than 400 currency pairs. The feed gives banks, brokers and fintechs access to the volatility data. No separate market-data connection is required.

Clients can receive the dataset through the same low-latency infrastructure that carries Netdania’s FX, fixed-income, commodities and precious-metals data. Netdania is part of United Fintech, whose bank-backed group includes several capital-markets technology providers.

What the FX Options Feed Includes

The dataset covers the volatility curve from daily and other short-end tenors through 30 years. Available price points include at-the-money forwards, calls, puts, butterflies and risk reversals, together with strike and spot reference data.

Fenics’ 2026 product material lists daily points from one to 14 business days. Standard tenors then run from overnight through one, two and three weeks, monthly intervals, several annual points and a 30-year endpoint.

The same document lists 5, 10, 25 and 35 delta points for calls, puts, butterflies and risk reversals. Fenics says the feed draws on pricing from BGC Group’s interdealer brokerage operations and is calibrated to market activity.

Netdania already distributes real-time and historical market data. The connection supports REST, WebSocket and FIX.

Its broader catalog covers more than 2,600 FX spot pairs, more than 8,000 forwards and non-deliverable forwards and prices from over 200 exchanges, according to United Fintech’s product page.

Netdania says institutions can pass those feeds into order-management, risk and analytics systems. That makes the distribution layer part of the product: clients that already consume another asset class can add the options dataset through an existing integration.

George Govier-Rosenvold, Netdania’s chief commercial officer, said the agreement brings “institutional-grade options pricing and volatility intelligence straight into their systems over API.”

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The companies did not say whether every currency pair has identical tenor and delta coverage. Fenics’ materials note that product availability can vary by currency and delivery method.

The release also refers to liquidity intelligence, but does not explain how those measures are calculated or which fields clients receive. The underlying pricing includes modeled outputs as well as observable market inputs, according to Fenics’ product material.

Established Vendors Already Sell Options Analytics

Netdania’s distribution model puts third-party OTC options content inside an existing multi-asset API. Larger data vendors and exchanges also deliver volatility tools electronically, although their underlying data and product scope differ.

LSEG’s 2021 Instrument Pricing Analytics factsheet lists FX volatility surfaces and FX options among the instruments supported by its API-based analytics.

Its options API handles listed and OTC contracts. It supports intraday portfolio monitoring and end-of-day calculations for implied volatility and risk measures known as Greeks.

CME Group launched its FX Options Vol Converter on September 9, 2020. The tool converts prices from CME’s listed market into an OTC-equivalent volatility surface using standard tenors, deltas and quoting conventions.

Outputs include reference premiums, volatility, delta and futures values.

Distribution channels have continued to multiply across institutional market data. BMLL added Databricks in April 2026 alongside API, SFTP and cloud-storage access for its historical order-book datasets.

Commercial Terms Stay Private

The Fenics dataset is available now. The companies did not disclose pricing, licensing terms or the update frequency attached to the Netdania channel. They named no customers.

Rich Winter, president of Market Data and Information Analytics at Fenics, said the collaboration puts “data directly into the systems our shared clients already use.”

Fenics distributes data for BGC Group and its affiliates. Its catalog includes observable, indicative, order and trade data across foreign exchange, rates, fixed income, commodities and equity derivatives.

United Fintech acquired a majority stake in Netdania in 2020. Netdania has operated for more than 25 years.

This article was written by Damian Chmiel at www.financemagnates.com.Institutional FXRead More

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