BGC PARTNERS, INC A VOICE AND ELECTRONIC BROKERAGE
BGC Partners, Inc. (NASDAQ: BGCP) is one of the world's leading inter-dealer brokers, providing integrated voice and electronic services to wholesale market participants across the globe. They are active in the global fixed income, rates, foreign exchange, equity derivatives, credit derivatives, futures and structured product markets, offering a full range of brokerage services including price discovery, trade execution, straight through processing and clearing, settlement and access to electronic trading services from eSpeed.
On April 1, 2008, BGC merged with eSpeed to form a world-class provider of voice and electronic brokerage services in the global marketplace. The combined company is BGC Partners, Inc. (NASDAQ: BGCP).
Through its eSpeed and BGC Trader brands, BGC Partners uses its proprietary, built, and paid for technology to operate multiple buyer, multiple seller real-time electronic marketplaces for the world's most liquid capital markets. The Company's pioneering suite of tools provides end-to end transaction solutions for the purchase and sale of financial products over its global private network or via the Internet. BGC Partners' neutral platform, reliable network, straight-through processing and superior products make it the trusted source for electronic trading for the world's largest financial firms. Through its BGCantor Market Data brand, the Company also offers globally distributed and innovative market data and analysis products for numerous financial instruments and markets.
Since its separation from Cantor Fitzgerald in 2004, BGC has expanded to 16 offices worldwide with approximately 1300 brokers and over 2100 employees. In 2005, BGC merged with Maxcor Financial Group, integrating two leading brokerage firms. This was followed by the acquisitions of ETC Pollak and Aurel in Paris.
Link to Conference Calls...
BGC Partners is a founding member of the new ELX Futures Exchange. They own 25% of the exchange.
Look at who they partnered with...
ELX was created by leading financial institutions, including nine dealers; three trading firms; and a major electronic and voice broker and technology provider to establish a world-class futures exchange focused on providing low-cost execution, competition and liquidity in the interest rate futures space. These founding firms include Bank of America, Barclays Capital, BGC Partners, Breakwater, Citi, Credit Suisse, Deutsche Bank Securities, GETCO, Goldman Sachs, JPMorgan, Merrill Lynch, PEAK6 and The Royal Bank of Scotland
|ELX Futures Announces July 10th Launch Date to Become a Live Platform to Trade U.S. Treasury Futures || || || |
|Posted by marin2008 |
|Sunday, 21 June 2009 |
|ELX Futures, L.P. (ELX Futures), a new fully electronic futures exchange, announced today that it will be launching on July 10th to become a live platform to trade U.S. Treasury futures contracts. ELX Futures received regulatory approval May 27, 2009 from the U.S. Commodity Futures Trading Commission (CFTC) to become a Designated Contract Market. |
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, "This is a significant milestone for everyone involved in ELX Futures. All the hard work, commitment and dedication from our Operating Committee, Founding Partners, staff and the technology team at BGC Partners is greatly appreciated. It gives me tremendous pride today in announcing a launch date to become a compelling alternative for market participants in the futures space. We plan to compete aggressively and offer our customers the best in service, technology and fees."
ELX Futures' initial suite of products will offer trading in U.S. Treasury futures contracts, but intentions are to move into other major asset classes. Earlier this month, ELX Futures announced its competitive fee structure, which will represent a large reduction in costs for almost all market participants.
Tom Rubio, Non-Executive Chairman of ELX Futures, said, "We started the ambitious process of launching a new electronics futures exchange with a great deal of optimism and patience, and we personally couldn't be happier with the end result. We will launch ELX Futures during a time when the financial futures market needs meaningful competition, and we are confident that ELX Futures will make a substantial impact and provide new opportunities for market participants trading futures contracts globally."
About ELX Futures
BGC Partners Finalizes Acquisition Of Liquidez
Sao Paulo and New York, 17 June, 2009 - BGC Partners, Inc. (Nasdaq: BGCP), a leading inter-dealer broker of financial instruments, today announced the completion of its acquisition of Liquidez DTVM Ltda. ("Liquidez"), a leading Brazilian inter-dealer broker of foreign exchange derivatives, commodities, credit, equities, and interest rate products.
Founded in 1985, Liquidez is amongst Brazil's top inter-dealer brokers, accounting for 13.7% of all contracts traded in May 2009 on the BM&F segment of BM&FBOVESPA. The Brazilian Mercantile & Futures Exchange (BM&F) recently merged with BOVESPA to create BM&FBOVESPA, the world's fourth largest exchange by market capitalization according to the Financial Times.