BGC Partners, Inc.

BGC Partners, Inc.

BGC Partners, Inc.

Overview
Date Founded

1945

Headquarters

499 Park Avenue, New York, NY, 10022, USA

Type of Company

Public

Employees (Worldwide)

5,000

Industries

Investment Banking & Brokerage
Real Estate
Accounting & Financial Services

Company Description

BGC Partners, Inc. engages in the provision of brokerage services to the financial markets. The firm offers integrated voice, hybrid, and fully electronic brokerage in a broad range of products, including fixed income, foreign exchange, equities, insurance, energy and commodities, and futures. It also provides trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services. The company was founded in 1945 and is headquartered in New York, NY.

Contact Data
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Executives & Employees

Chief Executive Officer

Vice Chairman

Chief Financial Officer & Principal Accounting Officer

Chief Operating Officer & Executive Vice President

Executive Vice President, General Counsel & Secretary

Chief Marketing Officer

Corporate Secretary, Managing Director & Chief Counsel-Securities & Corporate Governance

Chief Information Officer

Chief Accounting Officer

Executive Managing Director & General Manager, Latin America

Board of Directors

Chief Executive Officer at BGC Partners, Inc.

Vice Chairman at BGC Partners, Inc.

President at World Media Foundation, Inc.

Former Executive Vice President & General Auditor at JPMorgan Chase & Co.

Provost & Dean of the Faculty at Columbia University - Barnard College

Founder at Prodrive Ltd.

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BGC Partners, Inc.
Owners & Shareholders
Details Hidden

Part of Arctis Management Cayman Ltd., Arctis Management UK Ltd. is a British company located in London that provides investment advice.

Details Hidden

Cardinal Capital Management engages in a buy and hold investment strategy that focuses on investments in domestic micro-cap, small-cap and SMID-cap value equities. The firm buys securities and holds them for a relatively long period of time, regardless of short-term factors such as fluctuations in the market or volatility of the stock price. From time to time, however, Cardinal may hold securities for significantly shorter periods of time. The firm searches for investment opportunities within inefficient market niches with emphasis on companies emerging from bankruptcy or corporate restructurings such as spin-offs. They seek to identify companies that are not yet well known or are underfollowed, and to develop opinions on out-of-favor companies businesses. Cardinal also investigates corporate events that often signal undervaluation by tracking large share repurchase activity, significant insider buying and announcements that companies are pursuing strategic alternatives.

Details Hidden

Rubric Capital Management aims to achieve capital appreciation and maximize risk-adjusted absolute returns. The firm employs a value-oriented long/short strategy comprised of, but not limited to, a book of deep-value long positions and an alpha short book that is core to its strategy. They utilize a fundamental and multi-year perspective in identifying the core investments from a universe generally comprised of equities and debt in all sectors. Furthermore, the firm implements a disciplined approach to risk management and capital preservation at the position, portfolio and firm levels in seeking to maximize the delivery of alpha from both its long and short investments.

Recent Transactions
Details Hidden

BGC Partners, Inc., Lucera Financial Infrastructures LLC purchase Algomi Ltd.

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BGC Partners, Inc. purchases ED Broking Group Ltd. from Lightyear Capital LLC

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Marex Spectron Group Ltd. purchases CSC Commodities UK Ltd. from BGC Partners, Inc.

Transaction Advisors
Investment Advisor

Advised onNasdaq, Inc. purchases BGC Partners, Inc. /US Treasury Electronic Trading Ops from BGC Partners, Inc.

Legal Advisor

Advised onNasdaq, Inc. purchases BGC Partners, Inc. /US Treasury Electronic Trading Ops from BGC Partners, Inc.

Investment Advisor

Advised onBGC Partners, Inc. purchases GFI Group, Inc.

Legal Advisor

Advised onBGC Partners, Inc. purchases GFI Group, Inc.

Counsel

Advised onBGC Partners, Inc. purchases Berkeley Point Capital LLC from CF Group Management, Inc.

Legal Advisor

Advised onBGC Partners, Inc. purchases Grubb & Ellis Co.

Advisors & Consultants
Real Estate Agent

Senior Managing Director, Brokerage at Newmark & Company Real Estate, Inc.

Legal Advisor

Partner at Kramer Levin Naftalis & Frankel LLP

Legal Advisor

Partner at Friedman Kaplan Seiler & Adelman LLP

Clients

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors. The Wealth Management segment offers brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed-income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. The Investment Management segment provides equity, fixed income, alternative investments, real estate, and merchant banking strategies. The company was founded by Harold Stanley and Henry S. Morgan in 1924 and is headquartered in New York, NY.

Credit Suisse Group AG is holding company, which engages in the provision of financial services. It operates through the following segments: Swiss Universal Bank; International Wealth Management; Asia Pacific; and Investment Banking and Capital Markets. The Swiss Universal Bank segment offers comprehensive advice and financial solutions to private, corporate, and institutional clients in Switzerland. The International Wealth Management segment gives advisory services, and tailored investment and financing solutions to wealthy private clients and external asset managers in Europe, the Middle East, Africa, and Latin America. The Asia Pacific segment comprises of wealth management, financing, and underwriting activities. The Investment Banking and Capital Markets segment covers investment banking services to corporations, financial institutions, and financial sponsors. The company was founded by Alfred Escher on July 5, 1856 and is headquartered in Zurich, Switzerland.

Goldman Sachs Group, Inc. engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients. The Global Markets segment serves its clients who buy and sell financial products, funding and manage risk. The Asset Management segment provides investment services to help clients preserve and grow their financial assets. The Consumer & Wealth Management segment helps clients to achieve their individual financial goals by providing a wealth advisory and banking services. The company was founded by Marcus Goldman in 1869 and is headquartered in New York, NY.

Key Stats and Financials As of 2020
Market Capitalization
$2.09B
Total Enterprise Value
$2.93B
Earnings Per Share
$0.13
Revenue
$2.05B
Net Profit
$48.9M
EBITDA
$233M
EBITDAMargin
11.35%
Total Debt
$1.51B
Total Equity
$829M
Enterprise Value / Sales
1.43x
Enterprise Value EBITDAOperating
11.75x
TEVNet Income
59.84x
Debt TEV
0.52x
Three Year Compounded Annual Growth Rate Of Revenue
-15.97%
Non-Profit Donations & Grants
$1,000 - $2,499
2012
$50K - $100K
2011
$50K - $100K
2010
Investments
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Knotel, Inc. engages in the provision of workspace properties on rent for companies. It offers desks, open and private spaces, service floors, and buildings. The company was founded by Amol R. Sarva and Edward Shenderovich in 2015 and is headquartered in New York, NY.

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Workframe, Inc. offers visual inspiration and workflow tool for commercial design professionals. It involves in designing, building, and managing workplace. The company was founded by Robert Moore, Matthew Smith, Mia Irene Lewin, Andy Parsons, Thomas Melcher, and Kevin P. Ryan on December 09,2014 and is headquartered in New York, NY.

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Hightower, Inc. provides mobile technology platform that allows landlords and their brokers to collaborate on deals in real time. The firm's platform allows brokers and owners to reach prospects, convert prospects to tenants, and manage portfolio performance aspects. The company was founded by Brandon Weber, Niall Smart and Donald DeSantis in July 2013 and is headquartered in New York, NY.

Investors
Details Hidden

Co-Founder at BlueVoyant LLC

Suppliers
Thomson Reuters Corporation Computer Software | New York, NY

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare, science and media markets, powered by the world’s most trusted news organization. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and the New York Stock Exchange (NYSE: TRI).

Bloomberg, Inc. Internet Software & Services | New York, NY

Bloomberg, Inc. provides market data research and publishing services. It offers online publishing and marketing services. The firm provides data, news, analytics and solutions for professional, corporate and government. The company is headquartered in New York, NY.

Nikkei, Inc. IT Consulting & Services | Tokyo, Japan

Nikkei, Inc. operates as a holding company with core business in newspaper publishing. It covers books, magazines, digital media, database service, broadcasting, and develops economic and cultural projects. The company was founded on December 2, 1876 and is headquartered in Tokyo, Japan.

Competitors
MarketAxess Holdings, Inc. Securities & Commodities Exchanges - New York, NY

MarketAxess brings over 10 years of unparalleled trading, market data and technology innovation to the global institutional credit markets. Electronic Credit Trading MarketAxess was formed in April of 2000 in response to investors' need for a single trading platform with easy access to multi-dealer competitive pricing in a wide range of credit products. MarketAxess has since expanded and deepened its trading network with North America's premier institutional investors, which include investment advisers, mutual funds, insurance companies, public and private pension funds, bank portfolios and hedge funds, and leading broker-dealers, both primary dealers and regional firms. MarketAxess offers dealers significant presence in secondary markets, providing a broad base of credit securities and deep pool of liquidity for our institutional investor clients. The U.S. trading system supports fully-disclosed electronic trading in high-grade corporate bonds, high yield/crossover bonds, emerging markets bonds, U.S. agency securities, structured products, preferred stock and credit default swaps (CDS). MarketAxess Europe Limited, the wholly-owned U.K. subsidiary of MarketAxess Holdings Inc., operates in London and first launched European secondary trading in U.S. dollar and Euro-denominated Eurobonds in 2001. Since then, the platform has added trading in other European credit products including bonds issued in Pounds, Sterling, and floating rate notes (FRNs) and has since successfully expanded into sovereigns, supras, agency and covered bonds. MarketAxess Europe Limited was the first platform in Europe to offer this capability for corporate bonds. As of 2006, European institutional clients can access U.S. credit liquidity, provided they have established trading relationships with U.S. dealers. In 2010, MarketAxess expanded its credit trading platform to include institutional investors in the Asia Pacific region. Central banks, sovereign wealth funds, pension funds and asset and wealth managers are able to trade U.S. and European corporate bonds, Asian credits, emerging markets bonds and CDS with MarketAxess' global network of broker dealers. MarketAxess is a Recognized Market Operator in Singapore and an Authorized Automated Trading Service in Hong Kong. MarketAxess maintains its headquarters in New York and has offices in London, Chicago and Salt Lake City, Hong Kong and Singapore

Tradeweb Markets, Inc. Internet Software & Services - New York, NY

Tradeweb Markets, Inc. engages in the operation of electronic marketplaces for the trading of products across the rates, credit, money markets, and equities asset classes. It also provides related pre-trade pricing and post-trade processing services. Its network is comprised of clients across the institutional, wholesale, and retail client sectors, including global asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms and retail brokerage and financial advisory firms, as well as regional dealers. The company was founded by Lee Olesky in 1996 and is headquartered in New York, NY.

CME Group, Inc. Securities & Commodities Exchanges

CME Group, Inc. operates a derivatives marketplace, which offers a range of futures and options products for risk management. Its exchanges offer a range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange (FX), energy, agricultural commodities and metals. It offers futures and options on futures trading across asset classes through the CME Globex platform, fixed income trading via BrokerTec and FX trading on the EBS platform. In addition, it also operates CME Clearing, a central counterparty clearing provider. The company was founded in 1898 and is headquartered in Chicago, IL.

Awards & Honors
Rank #710
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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