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Maybe I don't understand what you are asking.
Any purchases of this stock made by 4 p.m. today, no matter what the price, should be part of the 12-cent dividend distribution payable on 11/30/12.
That is my understanding, unless I am losing my mind or missing something really big...
BGCP bought some more 3.37s
Not as comfy owning this much down here as I thought I would be!~ lol
Wondering why the stock is so damn weak. And when that will change...
why would i get to buy the stock AFTER they chop 0.12 out of it AND get the divi? You sure?
Yes, if you bought additional shares today, those shares should be included in the dividend, giving you a nice rate of return!
You'd think people would be buyin' them up just to get the dividend. Maybe there will be a mad rush to pick up shares starting sometime this afternoon.
gotcha so the stock came down today for that reason. i bought some this AM will i get the divi on that? prob not cuz i got it at the new lower price
Thx
Sean
No, it is going to be paid on the 30th of this month. Today is the last day people can buy in time to receive the dividend. From my brokerage account:
I think they PAID the divi today
Today is the ex-dividend date. You'd think people would be buying just to receive a 14% dividend in a few weeks. Crazy market. I believe they have until today's close to get in on the dividend.
Wish I had some spare change today!
:)
You are correct. Sorry about my mistake.
Wrong the stock closed at 3.73 yesterday they took the dividend out and then it's down from there
ICAP bad earnings down 9%
At least for today (at this time) the price drop is because of the dividend pay-out. The stock is at $3.54, down $0.12 with the dividend having been paid of $0.12 per share this morning. So essentially it is trading even for the day.
BGCP bought some more 3.61s
what is going on with this thing
getting crushed again is this cuz of the divi??? jeesus
Yeah, I read that article this morning. So much drama!
They will definitely not have brilliant 4Q earnings but that is being priced in now. And I DO NOT think they will reduce the dividend further, based on the language in the 3Q earnings call. I could be wrong about that though
--
Brokers Scramble as Exchanges Dominate Derivatives
Brokers of swaps are fighting for their future.
The firms known for facilitating banks' trades in privately negotiated derivatives are reaching for relevance in response to new rules that may threaten their livelihood in swaps while boosting exchanges that cater to openly traded futures.
Interdealer brokers, in particular, are under pressure from the rules, having invested heavily in technology they believed would win out under the regulatory overhaul. Now, some are re-evaluating their earlier strategies, and some have invested in exchanges that they view as being better positioned.
"For interdealer brokers it's no harm to have an execution venue that can act as a [registered exchange] in the new world, where there might be new [products] or some migration of swaps" onto exchanges, said Niamh Alexander, analyst with Keefe Bruyette & Woods.
ICAP PLC (IAP.LN), the world's largest interdealer broker, acquired PLUS Stock Exchange PLC in June, saying it planned to offer futures on the equities platform. The firm has since renamed the platform the ICAP Securities & Derivatives Exchange, or ISDX, and has "a number of proven and regulatory trading platforms [that] lend themselves" to the new rules, a spokeswoman said.
Rival broker BGC Partners Inc. (BGCP) earlier this year boosted its investment in ELX Futures LP, a struggling market that offers financial futures, in a deal that gave BGC operational control over the venture.
GFI Group Inc. (GFIG), another interdealer broker, is looking either to buy an exchange or set one up, according to people familiar with the company's thinking.
All three rank among the top five interdealer brokers that have been at the nexus of the $648 trillion global swaps market that dates back three decades. But their share prices have languished since the 2008 financial crisis.
For some, acquiring exchanges or building new ones represents another way they can facilitate trades for clients who are wary of the added cost and complexity associated with trading swaps under the new rules.
Buying a derelict exchange gives the brokers another choice of execution to offer clients, and is easier than waiting six months or more to secure a new license. Competitive pressure from exchanges is also providing impetus.
"It's looking more and more like taking the exchange bet is the way the market is panning out," said Will Rhode, director of fixed-income research at TABB Group, an independent research firm.
Under the 2010 Dodd-Frank law, swaps will have to be traded on open venues for the first time and routed to clearinghouses that guarantee the trades.
Analysts expect exchanges to be winners in the wake of Dodd-Frank because, while the law allows swaps to be traded openly on exchanges or newly created alternatives called "swap execution facilities," many analysts expect futures to be more most cost-effective. Swaps can be traded either on SEFs or exchanges, but futures can only be traded on exchanges.
"Having a futures exchange that is operationally able to meet the needs of our clients in a much more customized fashion than any of the traditional futures exchanges, I think is an extraordinary asset," Howard Lutnick, chief executive of BGC, told analysts on a conference call this month.
Firms that buy or take stakes in exchanges may run into the same problems as established ones, however, so it remains to be seen if any reinvented platforms can gain traction. Global exchanges themselves have attempted mergers in recent years, with mixed success, and only a few regional specialist exchanges remain.
But the combination of delayed regulations for swap-execution facilities and recent moves by big exchanges, including IntercontinentalExchange Inc. (ICE) switching energy swaps to futures in October, is upending the model some brokers believed for two years would be their best hope.
On Tuesday in New York, the Americas branch of the Wholesale Markets Brokers' Association representing the interdealer brokers, is hosting a conference it has dubbed SEFCon III--its third attempt to redefine the role of broker as the regulations take shape.
"To date, we have all concentrated and proceeded with our SEF plans [and] we believed that was our future," said Julian Harding, executive director at a fourth interdealer broker, Tradition Group, part of Compagnie Financiere Tradition (CFT.EB). "But things have certainly come up which makes someone question if SEFs are the most appealing vehicle."
Mr. Harding declined to comment on any approaches to exchanges made by Tradition or other strategic moves, but said the firm was "constantly scrutinizing" what its next move should be. He said if the shift from energy swaps to futures takes hold in other asset classes, "you can be assured SEFs will be...reconsidering everything."
A GFI spokeswoman declined to comment, and spokespeople at the remaining top five broker, Tullett Prebon PLC, did not return requests for comment.
Write to Katy Burne at katy.burne@dowjones.com and Jacob Bunge at jacob.bunge@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Absolutely. These prices are unbelievable, and BGCP I think will be one to just hold onto for a while, stress-free, and bonus dividends should keep things interesting.
:)
i tend agree
part of me wants to buy extra now and just flip them before Q4 earnings.
i wouldn't mine being long a lot from the $3.50 area
True about Dodd-Frank, but in my opinion the market is over-reacting as usual and that's when crazy people like us like to step in--and in a big way, right?
Works for me!
:)
think Q3 earnings are going to be not great on finance side
and the new Dodd Frank regulations are hurting their swaps dealing
but how bad can it be?
Absolutely...as many as I can. It's just too good to pass up.
BGCP you still buying?
I am going to keep averaging in
BGCP you still buying?
I am going to keep averaging in
BGCP - fock! getting smoked. don't know why either
bought a few more holders 4.05s
anybody know why it's tanking? news?
Cantor Fitzgerald and BGC Partners Reaffirm They Had Requested Withdrawal of Coverage by Moody's
~shouldn't be that tho...
nothing in the sands of time
yep. Today is just icky. IMO, despite what the market does over next 2 weeks, BGCP will still head north as investors look for a great yield to move into.
dividend in line & still juicy compared to PPS
15% yielder
well, LOL, not today with the jobs report.
"Beats on Revenues.."
BGC Partners reports EPS in-line, beats on revs
8:06 AM ET 11/2/12 | Briefing.com
Reports Q3 (Sep) earnings of $0.13 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.13; revenues rose 17.1% year/year to $445.7 mln vs the $437.6 mln consensus.
Great quarter. The share price should move up significantly, albeit slowly it appears. Volume should do it! Seems to me there should be some increased institutional interest here too. :)
On November 1, 2012, BGC Partners’ Board of Directors declared a quarterly cash dividend of $0.12 per share payable on November 30, 2012 to Class A and Class B common stockholders of record as of November 16, 2012. The ex-dividend date will be November 14, 2012. The Company continues to expect a majority of the dividends paid per share in 2012 to be a nontaxable return of capital 5 to common stockholders.
yes, BGCP has had guilt by assoc. with Europe. But today's financials should give it a little love back.
the 17% gain Y-Y in the financials should boost it.
8:12 AM BGC Partners (BGCP): Q3 EPS of $0.13 in-line. Revenue of $445.7M (+17% Y/Y) in-line.
http://secfilings.com/searchresultswide.aspx?link=2&filingid=8891413
News today, 10/3/12: FFastFill offers its global deployment services to BGC Partners, Inc
7:30 AM ET 10/3/12 | PR Newswire
FFastFill plc (LSE: FFA), the leading provider of Software as a Service ("SaaS") to the global derivates community, is pleased to announce an extension of its contract with BGC Partners ("BGC") to include the global deployment of FFastFill's execution platform, which incorporates the Horizon Multi-Broker Network, across BGC's current international brokerage offices. The deal extends FFastFill's role within BGC Partners from an initial presence in selected locations to full worldwide market presence.
Effective immediately, FFastFill Horizon will be integrated within BGC's platform, enabling multi-broker support to fulfil BGC's execution requirements. Horizon will provide BGC with a cost effective, low latency route to FFastFill's full range of more than 60 trading venues worldwide. Focusing on futures and options trading, Horizon also handles complex block trades and provides the ability for full real time pre and post risk management capabilities.
Hamish Purdey, Chief Executive, FFastFill said:
"FFastFill is delighted to have achieved this contract to work with BGC Partners on a global basis. This deal is a validation of the quality of the FFastFill execution capabilities. Horizon provides unrivalled flexibility between institutions, brokers and their clients, enabling BGC's fast and cost-efficient business development and execution and the FFastFill team is looking forward to working with BGC to ensure swift global deployment."
Jean-Pierre Aubin, Executive Managing Director, Global Head of Listed Products and General Manager of Continental Europe at BGC Partners said:
"As a leading global brokerage company, BGC Partners requires flexible multi-brokerage, multi-client, multi-exchange connectivity matched by fast and efficient execution. We believe FFastFill's cost efficient, low latency execution platform offers a compelling value proposition and we recognised clear advantages to extending our commercial relationship with FFastFill."
About FFastFill
FFastFill is the leading provider of Software as a Service to the global derivatives community using the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices. FFastFill's solutions encompass electronic order routing, clearing, risk management and back office as part of an integrated, yet modular system architecture. FFastFill is traded on London's AIM (AIM: FFA). Further information on FFastFill is available at www.ffastfill.com. Follow us on Twitter @FFastFill.
FFastFill Horizon is a multi-broker network which enables trading companies, without direct memberships, to access over sixty international trading venues via other member firms on the low latency FFastFill network.
About BGC Partners
BGC Partners, Inc., a leading global brokerage company primarily servicing the wholesale financial and property markets, has over 7,000 employees in New York, London and dozens of cities around the world, and conducts over $200 trillion in financial transactions for customers annually. BGC offers customers over 220 products, including commercial real estate, fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products.
BGC's technology helps customers determine the value of a transaction and execute transactions at the best possible price. BGC's customers include many of the world's largest banks, hedge funds, governments and investment firms. Trades are executed through BGC's brokers, or through its hybrid and fully electronic brokerage services.
BGC, named after fixed income trading innovator B. Gerald Cantor, also offers financial technology solutions, market data, and analytics through its eSpeed, BGC Trader, and BGC Market Data brands, and provides clearing, processing, and other support services. For more information, please visit www.bgcpartners.com.
SOURCE FFastFill plc
This looks like one that just needs a little love. Have been loading up since the end of August and have a feeling we're gonna do great. Lots of shorts will need to cover.
No brainer imvho.
same back to you. The 14.26% annual divie yield is nothing to scoff at. Next payout should be Thanksgiving week. Buy lots of turkey.
let's hope the Australia news and the better Q3 #'s help a steady climb. tho right now it's not. still mired under $5.
but, i'm pretty much looking at this as a long. and i don't have many shares. being cautious w/it since i realize it's on it's historical low end.
gla to all 3 of us! and have a good day!
4:33 PM BGC Partners (BGCP) ups its Q3 guidance, expecting distributable earnings revenues at the high-end of its previously announced range of $415-$450M. Pre-tax distributable earnings are expected at the mid-point of the previously announced $41-$52M range. Shares +2.3% AH.
LOL. Yeah, taking a small beating again today, but that drove divie up, so they'll be back.
True dat, but getting a lil tired of the weak pps. BUT i have a FEW funky, wacky stocks right now. outside of some of my "normal" holdings.
i WON'T MENTION them tho!! lol.
gla
same to you. Euro weakness sucks here, but on the good side, makes the yield bigger, cheaper to load up if like prospects.
this weakness is getting on my nerves! i only have a lil but STILL.
"everyone" have a good Holiday!
Newmark Grubb Knight Frank's Investment in Southern California Draws Talent, Generates New Business
Bgc Partners - Class A (MM) (NASDAQ:BGCP)
Newmark Grubb Knight Frank, a leading full-service global commercial real estate advisory firm with a rich history in Southern California, today announced that industry veteran Eric P. Hasserjian has joined its Los Angeles office as a senior managing director. Drawing on more than 23 years of experience and strong industry relationships, Hasserjian, who has completed over 1,500 lease transactions and been involved with over $7 billion worth of investment sales transactions, will lead Newmark Grubb Knight Frank's landlord representation business in Southern California as the firm expands its presence in the region.
"We are delighted to welcome Eric, an exceptional professional who complements our talented team in Los Angeles and who joins at a pivotal time as we seek to capitalize on regional growth opportunities. With strong roots in Southern California and seven offices throughout the region, Newmark Grubb Knight Frank is deeply committed to its clients here and is investing in additional resources," said Chuck Hunt, executive vice president, regional manager.
Hunt continued, "Since forming Newmark Grubb Knight Frank and launching one of the industry's most powerful, full-service commercial real estate platforms, we are better equipped than ever to provide beginning-to-end real estate solutions spanning leasing, property management, investment sales, property valuation, and global debt and equity capital markets expertise. Together with Eric and other leading professionals in this region, we are passionate about bringing our significantly enhanced global capabilities to our clients, many of whom we've advised for decades."
Newmark Grubb Knight Frank's Southern California team has grown significantly from Grubb & Ellis' entry in the market in the 1960s, uniquely offering clients a full range of services and the benefits of the debt and equity capital markets expertise of parent company BGC Partners, Inc., as well as resources from its affiliate relationship with Cantor Fitzgerald, which first began operating in Southern California in the 1950s.
"The region's large population base, diverse business landscape and proximity to one of the world's busiest ports make it an attractive market for local, national and international property investors and corporate occupiers. These factors continue to stimulate robust office, industrial and retail activity, driving demand for real estate, and the need for expert professionals who can help clients maximize value," Hunt said.
Hasserjian comes to Newmark Grubb Knight Frank from Arden Realty, Inc., a wholly owned subsidiary of GE Capital, Inc., where he spent 13 years as a senior vice president spearheading the leasing performance of a 9.5-million-square-foot nationwide office portfolio. Well versed in leasing, property operations, acquisitions and dispositions, value-add repositioning and development, he attracted quality tenants such as Disney, Microsoft, AT&T and Sony to Class A office space from Los Angeles to Seattle. Hasserjian's efforts resulted in the portfolio achieving and maintaining an occupancy rate of over 90 percent over the past five years.
"Newmark Grubb Knight Frank's platform, which includes an impressive national leasing and management portfolio that is poised for growth, represents the perfect opportunity for me. By taking a landlord's approach to leasing office buildings, I'm excited to collaborate with the stellar management team to develop and execute a comprehensive regional growth plan," Hasserjian said. "In addition, I'm impressed by the speed and efficiency with which the company is bringing together hundreds of professionals and combining offices throughout the region. The collaboration I've witnessed is a testament to a committed leadership team and its employees, all of whom are focused on providing outstanding service. I am delighted to join this ambitious, vibrant team and participate in the growth of this company."
In addition to Hunt, the region's management team includes James McFadden and Greg May in Newport Beach, Don Hudson in downtown Los Angeles, Steve Kolsky and Mike Arnold in West Los Angeles, David Burback in Ontario and Steve Wolf in San Diego. These market leaders are marshaling regional resources and drawing from BGC Partners' complementary global businesses and deep relationships to close significant transactions and expand their client roster. Recently, Newmark Grubb Knight Frank represented national law firm Lewis Brisbois Bisgaard & Smith LLP in one of downtown L.A.'s largest office deals this year, a 10-year, 160,000-square-foot lease with an estimated total consideration of $45 million. And in the past 30 days alone, the capital markets team has been awarded nearly $150 million in institutional sales listings in the Southern California marketplace for national clients.
Hunt believes the success in securing new assignments is a combination of highly skilled local real estate professionals who are backed by the company's national platform with more than 100 offices and 250 million square feet of property under management in North America, with the proprietary technology, global capital markets expertise and the financial strength of BGC Partners.
"Los Angeles is one of the largest office markets in the U.S., and we are confident Eric will be able to leverage his experience and the company's strong institutional relationships emanating from New York to help us grow rapidly. The firm's collaborative approach, utilizing and benefiting from its unparalleled expertise across the nation, has created a full-service commercial real estate services provider that is highly regarded on a regional, national and international level. This is truly a winning formula for us and for our clients," Hunt said.
Newmark Grubb Knight Frank and its leadership team were the featured cover stories in the July issues of Commercial Property Executive and National Real Estate Investor magazines.
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark Knight Frank; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC's financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world's leading financial institutions.
Newmark Grubb Knight Frank, together with its affiliates and London-based partner Knight Frank, employs more than 11,000 professionals, operating from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.
Press Contact: Mira Matic Performance Public Relations LLC mira@miramaticpr.com 1-973-461-9005
SOURCE Newmark Grubb Knight Frank
LOL, yes it was (long PR). Nice little divie payout last night, looking at today's pps with all the new Euro woes, absolutely OVERJOY that I have it on auto-reinvest. NICE pickup price, will be getting more shares than I thought.
well, a little green today for once (vs. recently). i was beginning to lose my patience, but trying to hang in.
that was was one long PR.
They always seem to go down after I buy, too. But even trenders/charters is just as iffy, no matter how much they may brag that they hit more often that way, by watching the moving avg, etc. All-in-all, if you're buying for the dividend or for the long haul, it really doesn't matter all that much in the end, unless the stock collapses. Buying after the IPO has settled, the release of secondary offerings, is nice safe time to have gotten into BGCP, despite Europe. We did good today.
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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.
Company Website...
http://www.bgcpartners.com/
Investor Relation....
http://phx.corporate-ir.net/phoenix.zhtml?c=209058&p=irol-IRHome
Link to Conference Calls...
http://phx.corporate-ir.net/phoenix.zhtml?c=209058&p=irol-IRHome
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 ELX Futures, L.P. is a fully electronic alternative exchange founded by leading global financial institutions with the goal of bringing the benefits of enhanced speed, liquidity and cost-efficiency to all market participants. For information and news about ELX, visit www.elxfutures.com or email us at info@elxfutures.com This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . |
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.
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