Tag: bgc partners

ASIC
January 18, 2022 BY Steffy Bogdanova

BGC Partners pays $110K infringement penalty

The Panel also pointed out that BGC Partners’ failure appeared to be the result of unintentional operator error. It concluded that it is likely this error could have been avoided if BGC Partners had updated its systems to incorporate enhanced technological safeguards. The official statement said: Although enhanced technological safeguards may not be required where…

Read more
Forex Weekly Look Back
December 11, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: FXCubic partners with M4Markets, StoneX reports $81.8 million bargain purchase from GAIN acquisition

The Australian Securities and Investments Commission (ASIC) announced raising civil proceedings in Federal Court against Union Standard International Group Pty Ltd (trading as usgfx) and its former corporate authorised representatives, Maxi EFX Global AU Pty Ltd (trading as EuropeFX) and BrightAU Capital Pty Ltd (trading as TradeFred). The UK Financial Conduct Authority announced making the…

Read more
BGC Partners updates its second quarter outlook with lower expectations
July 02, 2020 BY Steffy Bogdanova

BGC Partners updates its second quarter outlook with lower expectations

The company’s non-GAAP financial measures differ from the most directly comparable measures calculated in accordance with Generally Accepted Accounting Principles in the US  (GAAP). Non-GAAP financial measures used by the BGC Partners include "Adjusted Earnings before noncontrolling interests and taxes", which is used interchangeably with "pre-tax Adjusted Earnings"; "Post-tax Adjusted Earnings to fully diluted shareholders",…

Read more
Eurex reports 192.1 million traded contracts in June
December 05, 2017 BY Valentina Kirilova

Eurex Clearing cooperates with five execution platforms for OTC service

BGC Partners, Bloomberg, i-Swap, a TP ICAP Group company, Tradeweb and Tradition’s Trad-X are each seeking to become an ‘Approved Platform’ as part of the Eurex Clearing Partnership Program framework.  Eurex Clearing, one of theCentral Counterparties (CCP) and part of Deutsche Börse Group, announced that it cooperates with major execution platforms for OTC traded interest…

Read more
SFC fines
February 23, 2017 BY Valentina Kirilova

BGC Partners pays $90,000 in infringement notice penalty

BGC Partners (Australia) Pty Limited (BGC) has paid a total penalty of $90,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP), ASIC announced earlier today. The MDP had reasonable grounds to believe that BGC had contravened subsection 798H(1) of the Corporations Act 2001 (Cth) by failing to comply…

Read more
December 20, 2016 BY admin

BGC Partners completes acquisition of Sunrise Brokers

BGC Partners, Inc. (NASDAQ: BGCP) a global brokerage company servicing the financial and real estate markets, today announced that it has officially completed the acquisition of the businesses of Sunrise Broker Group. The deal was first announced back in July of this year. Sunrise Brokers is an independent financial brokerage with a reputation in worldwide equity derivatives.…

Read more
November 23, 2016 BY admin

Capitalab extends its portfolio compression service to Forex Options

London based Capitalab, an entity within BGC Partners, Inc. (NASDAQ: BGCP) announced that it has successfully launched its multilateral portfolio compression service for FX Options as well as for Interest Rate Caps and Floors. Since June 2016, five FX Options compression runs have been executed, in USD/JPY and EUR/USD, with the participation of respectively five…

Read more