BGC Partners, Inc. (NASDAQ:BGCP), a brokerage company servicing the financial and real estate markets, has just published its financial report for the first three months of 2016, with Forex revenues staging a decent rise from the final quarter of 2015 and from the first quarter of 2016. The company said its Forex revenues for the first…
Read moreBGC 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…
Read moreBGC 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…
Read moreBGC 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,…
Read moreBGC Partners, Inc. (NASDAQ:BGCP) today announced that Anthony Warner, former CEO of ICAP Singapore, will join BGC Brokers, London, as Senior Managing Director and General Manager. Mr Warner will be reporting to BGC's President, Shaun D. Lynn, and will be responsible for the oversight of corporate initiatives and strategic growth efforts in the UK, as…
Read moreMore news on the M&A front, as BGC Partners, Inc. (NASDAQ:BGCP) and its majority-owned division GFI Group Inc. have just announced an agreement to sell Trayport, a provider of trading and aggregation software in the global OTC energy and commodities markets, to Intercontinental Exchange Inc (NYSE:ICE). The GFI sellers will receive $650 million in ICE…
Read moreBGC Partners, Inc. (NASDAQ:BGCP), a brokerage company servicing the financial and real estate markets, has just reported its financial metrics for the third quarter of 2015, with Forex revenues registering a solid rise year-on-year. The company said that Forex revenues for the three months to the end of September 2015 amounted to $83.7 million, up…
Read moreThe company expects its earnings to be in the mid-point of the earlier stated guidance for the quarter to June 30, 2015.
Read moreThe company enjoyed another record quarter in terms of overall profits, on the back of solid performance of its financial services business.
Read moreBGC Partners, Inc. (NASDAQ:BGCP), the global brokerage servicing the financial and real estate markets, today published an updated earnings forecast for the first quarter of 2015. Taking out the results of GFI Group Inc. (NYSE:GFIG), in which BGC Partners recently acquired a majority stake, BGC now forecasts its quarterly revenues for distributable earnings to be…
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