TORONTO, Aug. 25, 2016 /CNW/ -- BGC Partners, Inc.
(NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading
global brokerage company servicing the financial and real estate
markets, today announced that BGC1 has entered into an
agreement to acquire Perimeter Markets Inc. ("Perimeter Markets").
Perimeter Markets is an independent provider of electronic fixed
income and futures trading in Canada, through its CBID™ platforms.
"This transaction will enhance BGC's electronic offering and
increase its footprint in the Canadian marketplace," said
Shaun Lynn, President of BGC
Partners.
Details of the transaction were not disclosed, and completion of
the transaction is subject to legal and regulatory approvals and
certain closing conditions.
About Perimeter Markets:
Founded in 1999, Perimeter Markets offers electronic and hybrid
broking services in Canadian fixed income securities and futures.
The firm operates from its office in Toronto. Perimeter Markets Inc. is regulated
in Canada by the Ontario
Securities Commission and the Investment Industry Regulatory
Organization of Canada.
Please see www.pfin.ca for more information.
About BGC Partners, Inc.:
BGC Partners is a leading global brokerage company servicing the
financial and real estate markets. BGC owns GFI Group Inc., a
leading intermediary and provider of trading technologies and
support services to the global OTC and listed markets. The
Company's Financial Services offerings include fixed income
securities, interest rate swaps, foreign exchange, equities, equity
derivatives, credit derivatives, commodities, futures, and
structured products. BGC provides a wide range of services,
including trade execution, broker-dealer services, clearing, trade
compression, post trade, information, and other services to a broad
range of financial and non-financial institutions. Through
brands including FENICS, BGC Trader, and BGC Market Data, BGC
offers financial technology solutions, market data, and analytics
related to numerous financial instruments and markets. Real
Estate Services are offered through brands including Newmark Grubb Knight Frank, Newmark Cornish & Carey, ARA, Computerized
Facility Integration, Landauer Valuation & Advisory, and Excess
Space. Under these names, the Company provides a wide range
of commercial real estate services, including leasing and corporate
advisory, investment sales and financial services, consulting,
project and development management, and property and facilities
management.
BGC's customers include many of the world's largest banks,
broker-dealers, investment banks, trading firms, hedge funds,
governments, corporations, property owners, real estate developers,
and investment firms. BGC's common stock trades on the NASDAQ
Global Select Market under the ticker symbol (NASDAQ: BGCP).
BGC also has an outstanding bond issuance of Senior Notes due
June 15, 2042, which trade on the New
York Stock Exchange under the symbol (NYSE: BGCA). BGC
Partners is led by Chairman and Chief Executive Officer
Howard W. Lutnick. For more
information, please visit
http://www.bgcpartners.com.
BGC, BGC Trader, GFI, FENICS, FENICS.COM, Capitalab,
Swaptioniser, Newmark, Grubb & Ellis, and Grubb are trademarks,
registered trademarks and/or service marks of BGC Partners, Inc.
and/or its affiliates. Knight Frank is a service mark of
Knight Frank (Nominees) Limited.
Discussion of Forward-Looking Statements about BGC
Partners
Statements in this document regarding BGC's businesses that are
not historical facts are "forward-looking statements" that involve
risks and uncertainties. Except as required by law, BGC undertakes
no obligation to release any revisions to any forward-looking
statements. For a discussion of additional risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see BGC's
Securities and Exchange Commission filings, including, but not
limited to, the risk factors set forth in its public filings,
including the most recent Form 10-K and any updates to such risk
factors contained in subsequent Forms 10-Q or Forms 8-K.
1 via its affiliates
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SOURCE BGC Partners, Inc.