BGC Partners set to acquire financial derivatives provider Sunrise Brokers


BGC Partners, Inc. (NASDAQ: BGCP) a leading global brokerage company servicing the financial and real estate markets, today announced that it has entered into an agreement to acquire the businesses of Sunrise Brokers Group, an independent financial brokerage with a leading reputation in worldwide equity derivatives.

Details of the transaction were not disclosed, and completion of the transaction is subject to legal and regulatory approvals and certain closing conditions.

Sunrise Brokers generated consolidated revenues of approximately $90 million in the financial year ending December 31, 2015.

Founded in 1991, Sunrise Brokers offers broking services across equity, credit, Forex, hybrid and commodity derivative asset classes.

“This transaction enables us to further expand our equity derivatives offering and complements our existing financial services business,” said Shaun D. Lynn, President, BGC Partners. “As a recognized leader in its market segments, Sunrise Brokers is clearly a valuable addition to the BGC family of brands.”

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BGC Partners set to acquire financial derivatives provider Sunrise Brokers

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