Global brokerage and financial technology company BGC Partners, Inc. (NASDAQ:BGCP) today reaffirmed its outlook for the quarter ending March 31, 2021.

BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the first quarter of 2021. The Company’s outlook was contained in BGC’s financial results press release issued on February 24, 2021.

This means that revenues are expected to be in the range between $540 million and $590 million, whereas adjusted pre-tax earnings are forecast to be in the range from $102 million and $122 million.

Let’s recall that, during the fourth quarter of 2020, BGC’s financial brokerage businesses had strong growth across European government and credit bonds, Asian bonds, U.S. and European inflation products, and U.S. and European equities. The Group’s fixed income agency brokerage business, which serves a broader client set, also outperformed during the period. This growth was offset by lower revenue across European listed rates and emerging market credit and FX products.

In the final quarter of 2020, BGC Partners registered Forex revenues of $73.2 million, down 8.9% from the year-ago period. For the whole of 2020, Forex revenues amounted to $315.3 million, down 14.9% from 2019 levels.