Tag: bgc partners

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.…

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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…

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July 19, 2016 BY Mike Fox

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…

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April 05, 2016 BY Maria Nikolova

Steve McMurray joins BGC Partners as CFO

BGC Partners, Inc. (NASDAQ:BGCP) has just announced that effective April 4, 2016, Steve McMurray became its Chief Financial Officer. Mr McMurray, who joins BGC Partners from insurance provider Amlin, succeeds Graham Sadler, who announced his intention to retire from BGC in February 2015. In his new role, Mr McMurray will be in charge of BGC's…

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April 01, 2016 BY Maria Nikolova

BGC Partners updates Q1 2016 earnings forecast

BGC Partners, Inc. (NASDAQ:BGCP), a brokerage company servicing the financial and real estate markets, on Thursday updated its outlook for the quarter ending March 31, 2016. BGC currently expects that its revenues for distributable earnings and for its pre-tax distributable earnings for the first quarter of 2016 to be towards the mid-point of the range…

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February 26, 2016 BY Maria Nikolova

BGC Partners enters into new unsecured credit agreement to fuel growth

BGC Partners, Inc. (NASDAQ:BGCP), an international brokerage company servicing the financial and real estate markets, today announces that it has sealed a committed unsecured credit agreement with a group of lenders. The agreement provides for maximum revolving loans of $150 million, with the option to increase the aggregate loans to $200 million. On February 25,…

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February 10, 2016 BY Maria Nikolova

BGC Partners sees 44.4% YoY increase in Forex revenues in 2015

BGC Partners, Inc. (NASDAQ:BGCP), a brokerage company servicing the financial and real estate markets, has earlier today posted its financial metrics for the final quarter and full year 2015, with annual Forex revenues staging a 44.4% rise, reaching $310.6 million. The company said its Forex revenues for the three months to December 31, 2015 amounted…

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January 13, 2016 BY Maria Nikolova

BGC Partners closes on full merger with GFI Group

BGC Partners, Inc. (NASDAQ:BGCP), a global brokerage company servicing the financial and real estate markets, on Tuesday announced the completion of its merger with GFI Group Inc.(OTCMKTS:GFIG), an intermediary and provider of trading technologies and support services to the global OTC and listed markets. Impact on Financial Statements Regarding BGC's consolidated financial results, for the…

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