BGC Partners completes conversion to full c-corporation
BGC Group, Inc. (NASDAQ:BGC), a leading global brokerage and financial technology company (formerly BGC Partners, Inc.), today announced that it has completed its corporate conversion to a Full C-Corporation.
The company has also changed its name to “BGC Group, Inc.” and changed its Nasdaq ticker symbol to “BGC” from “BGCP”. The Company has also updated its main website to http://www.bgcg.com and its investor relations website to http://ir.bgcg.com.
Howard W. Lutnick, Chairman of the Board and Chief Executive Officer of BGC, said:
“Today represents an important step for BGC, with its conversion to a simpler, more efficient corporate structure.
We believe our new structure will attract a broader and more diversified investor base over time. We plan to deliver growth and significant long-term value to our shareholders. With improving trading conditions across our business and the upcoming launch of FMX, our electronic U.S. Treasury, Rates Futures, and Spot FX platform, this is an exciting time to be a part of BGC.”