BGC Partners reports 11.6% Y/Y drop in FX revenues in Q1 2021
BGC Partners reported FX revenues of $83.4 million for the first quarter of 2021, down 11.6% from the year-ago period.
BGC Partners reported FX revenues of $83.4 million for the first quarter of 2021, down 11.6% from the year-ago period.
Global brokerage BGC Partners today reaffirmed its revenue guidance for the quarter ending March 31, 2021.
In the final quarter of 2020, BGC Partners registered Forex revenues of $73.2 million, down 8.9% from the year-ago period.
Banque Pictet & Cie SA in Geneva has onboarded the kACE Treasury system to enable the bank to price and distribute FX Forward prices.
BGC Partners reaffirmed its previously stated outlook ranges for revenue and pre-tax earnings for the fourth quarter of 2020.
Sparrow Tech Private Limited has selected kACE Pro as its technology partner for modelling and risk analysis.
GFI Asia Partners took a majority stake in a newly established joint venture company in China, GFIGS Commercial Consulting (Shanghai) Co., Ltd.
Capitalab’s multilateral compression services will benefit from FX forwards and swaps data direct from CLS.
BGC Partners’ largest operations are in London, and these risks could have an adverse effect on its customers.
BGC Partners saw FX revenues fall 15.3% year-on-year to $73.3 million in the third quarter of 2020.