BGCP Stock Price, News & Analysis

BGC Partners, Inc. (Nasdaq: BGCP), a global brokerage and financial technology company, has announced a conference call to discuss its first quarter 2023 financial results. The call is scheduled for May 3, 2023, at 10:00 a.m. ET. Prior to the call, an advisory press release detailing the consolidated quarterly financial results will be issued at 8:00 a.m. ET on the same day. Investors can access the financial results and join the call via BGC's investor relations website. The company specializes in a wide range of financial products and services, catering to a diverse clientele, including major banks and investment firms.

BGC Partners, Inc. (NASDAQ: BGCP) updated its outlook for Q1 2023, revealing broad-based revenue growth across all asset classes compared to Q1 2022. However, revenue and pre-tax Adjusted Earnings are expected to be slightly below the midpoint of prior forecasts, impacted by recent banking turmoil leading to lower trading volumes. The strong U.S. dollar is anticipated to have hindered revenue by approximately $9 million. BGC previously provided their financial results outlook on February 27, 2023, reflecting ongoing strong dollar headwinds.

BGC Partners, Inc. (Nasdaq: BGCP) announced its quarterly dividend alongside the financial results for Q4 and the year ended December 31, 2022. The company focuses on global brokerage and financial technology services, including a wide range of products like Fixed Income and Foreign Exchange. For 2022, financial results, including revenue and earnings per share (EPS), are available on their investor relations page. A conference call is scheduled for 10:00 AM ET today to discuss these results. Investors can access detailed financial information including the latest dividend declaration through the provided links.

BGC Partners announced the launch of kACE OMS, an Order Management System specifically designed for the FX options market. This new module offers essential features for trading desks, including connectivity to major FX options trading venues and 16 liquidity providers. The system enables both automated and manual handling of client orders, enhancing risk management and liquidity. Senior executives emphasized its democratizing effect on electronic pricing and noted the growing trend for tier one banks to provide better access to trading APIs. The company expects the volume of processed trades to increase significantly with this launch.

BGC Partners (NASDAQ: BGCP), a global brokerage and fintech company, announced that Chairman and CEO Howard W. Lutnick will present at the Credit Suisse Financial Services Forum on February 14, 2023, at 3:15 p.m. ET. A live webcast of the event will be available at ir.bgcpartners.com, with a replay accessible for six months post-event. BGC specializes in various brokerage services and financial technology solutions, serving major financial institutions worldwide. For further information, visit bgcpartners.com.

Cantor Fitzgerald announced the successful sale of Rivertop Apartments in Nashville, Tennessee, delivering a total return of 137% on the original investment and an internal rate of return of 12% over a three-year hold period. The 224-unit Class-A apartment community, completed in 2019, features premium amenities and is strategically located along the I-40 corridor, enhancing accessibility to key areas. Cantor Fitzgerald's real estate portfolio includes over 7,900 stabilized multifamily units and has participated in over $155 billion of real estate transactions in the past year.