BGC Partners, Inc. · New York, NY United States ·(NASDAQ (GS): BGCP)
Company Description
View BGC Partners, Inc. Locations On A US Map
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This link will open in a new window BGC Partners (formerly eSpeed) specializes in electronic, integrated voice, and hybrid trading, clearing, and settlement services for banks, investment firms, and brokerages. Its software and services help institutional traders make real-time transactions in US treasuries, foreign government securities, Eurobonds, corporate and municipal bonds, futures, options, and other instruments. Active in the Americas, Europe, and Asia, the company also provides information and analytics products. BGC Partners is closely allied with former parent Cantor Fitzgerald . (It's named after Cantor founder B. Gerald Cantor.) In 2008 Cantor merged its brokerage affiliates eSpeed and BGC Partners into a single entity. To read the full description, subscribe now.
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Key BGC Partners, Inc. Financials
| Company Type | Public - NASDAQ (GS): BGCP Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $1,228.9 |
| 2008 Employees | 2,277 |
BGC Partners, Inc. Executives
37 executives listed for BGC Partners, Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Howard Lutnick | Network |
| Vice Chairman | Lee Amaitis | Network |
| President | Shaun Lynn | Network |
Competition
Competitive Landscape for BGC Partners, Inc.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top BGC Partners, Inc. Competitors
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