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

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…

December 07, 2020 BY Steffy Bogdanova

BGC Partners’s subsidiary GFI with joint venture company in China

Benny Luk, Group CEO of Greater China, commented: We are delighted with the establishment of GFIGS to offer OTC brokerage services in China. Iron Ore futures trading volumes in China are more than 20 times larger than the offshore market. With Guizhou Big Data Capital's extensive network and coverage of China's financial markets and GFI's…

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…

September 29, 2015 BY Maria Nikolova

BGC Partners provides update on Q3 2015 financial forecast

The company said the update reflected the addition of GFI and a robust double-digit year-on-year growth delivered by its Real Estate Services business.

July 29, 2015 BY Maria Nikolova

BGC Partners sees Forex segment revenues jump 67% in Q2 2015

Revenues from Forex services rose 67.2% year-on-year to $82.4 million in the second quarter of 2015, data just released by BGC Partners shows.

January 15, 2015 BY Mike Fox

Revised CME Group offer for GFI to give group stockholders $5.60 per share

GFI seems keen to be taken over by CME Group and not BGC. Now, under the terms of the revised offer, the consideration payable to GFI Group shareholders rises from $5.25 to $5.60 per share which matches BGC's latest offer on the table. What will happen next?

September 01, 2014 BY Mike Fox

FT: Tullet Prebon's new CEO to push further into electronic trading

Philip Stafford from the Financial Times is reporting that the new CEO of Tullett Prebon John Phizackerley has indicated he will push the UK-based interdealer broker further into electronic trading, and invest as the industry struggles with significant structural change.

September 01, 2014 BY Mike Fox

FIA’s fifth SEF Tracker allows users to analyze underlying data

FIA publishes the SEF Tracker monthly, using public data collected directly from the SEFs. The report also includes similar data from trading venues that have opted to register with the Commodity Futures Trading Commission as designated contract markets.

July 30, 2014 BY Andrew Saks-McLeod

Large scale M&A activity continues as CME acquires FENICS and Trayport from GFI Group

In addition to CME's acquisition of FENICS and Trayport for $4.55 per share, a private consortium of GFI Group management will acquire brokerage business for $165 million in cash

June 20, 2014 BY Andrew Saks-McLeod

Utah federal court hands down $44 million in sanctions for fraud and misappropriation

CFTC cites Robert J. Andres of Houston, Texas, his company, Winsome Investment Trust, Robert L. Holloway of San Diego, California, and his company US Ventures LC, in civil monetary penalty of $32,370,000 and restitution for defrauded customers totaling $12 million.

Tag: GFI