The Australian Securities and Investments Commission (ASIC) announced raising civil proceedings in Federal Court against Union Standard International Group Pty…
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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…
Read MoreBGC 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…
Read MoreBGC 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.
Read MoreBGC 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.
Read MoreRevised 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?
Read MoreFT: 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.
Read MoreFIA’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.
Read MoreLarge 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
Read MoreUtah 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.
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