BGCP Stock Price, News & Analysis

BGC Partners reported its financial results for the quarter ending June 30, 2022. The company, a leading global brokerage and financial technology firm, announced a quarterly dividend and scheduled a conference call to discuss the results at 10:00 AM ET today. Details about the financial performance are available in the press release and investor relations sections on their website. BGC specializes in various products including Fixed Income, Foreign Exchange, and Equities, serving a wide range of global financial institutions.

BGC Partners, Inc. (NASDAQ: BGCP) announced the appointment of Terry Belton to the FMX Futures Exchange Board of Directors. With a robust background at JPMorgan Chase, where he served as Managing Director and Head of Global Portfolio Strategy, Belton brings a wealth of experience. His expertise is expected to enhance competition in the interest rate futures market. Robert Allen, President of FMX, expressed enthusiasm for Belton's leadership and vision. This strategic move aims to address current market challenges, encouraging a more resilient market structure.

BGC Partners, Inc. (Nasdaq: BGCP) has appointed Dr. Sharon Brown-Hruska to the FMX Futures Exchange Board of Directors, where she will also serve as the Regulatory Oversight Committee Chair. Dr. Brown-Hruska's extensive experience in the futures industry is expected to enhance the Exchange's mission of promoting competition in the interest rate futures market. With a previous role as Acting Chairman of the CFTC, she aims to bring innovation and resilience to the market. This move signals BGC's commitment to strengthening its leadership in the financial technology sector.

BGC Partners, Inc. (Nasdaq: BGCP) has announced a conference call on August 3, 2022, at 10:00 a.m. ET to discuss its second quarter 2022 financial results. The advisory press release will be issued at 8:00 a.m. ET on the same day, indicating that a full-text financial press release will be available online. The company encourages pre-registration for participants to facilitate access to the call. A replay will be available within 24 hours post-call and will last for 365 days.

On July 5, 2022, BGC Partners, trading under the symbol BGCP, announced a significant milestone as GFI (HK) Securities LLC facilitated the first ever intermediated block trade of CME Group Bitcoin options contracts in Asia. This deal involved major players like Cumberland DRW and Goldman Sachs, showcasing BGC's commitment to expanding its cryptocurrency offerings. Since the start of 2022, BGC has successfully executed multiple transactions in the evolving digital asset marketplace, and is establishing platforms to support the anticipated growth in the OTC cryptocurrency sector.

BGC Partners (Nasdaq: BGCP) has updated its outlook for Q2 2022, expecting revenue to be slightly below prior estimates, primarily due to a stronger U.S. Dollar. However, pre-tax Adjusted Earnings are forecasted to be around the previous midpoint. If not for currency fluctuations, revenues would align with the previous year's figures, excluding Insurance. BGC emphasizes that its non-GAAP financial measures, including Adjusted Earnings and Adjusted EBITDA, more accurately reflect the company's operational performance.

BGC Partners (NASDAQ: BGCP) has appointed Jason W. Hauf as Chief Financial Officer, effective June 6, 2022. Hauf replaces Steven Bisgay, who will continue his role at Cantor Fitzgerald. Hauf brings over 30 years of financial management experience, having previously served as CFO at Exos Technology and the Royal Bank of Scotland. Chairman Howard W. Lutnick emphasized Hauf's expertise as vital for BGC's digital transformation and future growth.

BGC Partners, a global brokerage and financial technology company, will have its Chairman and CEO, Howard W. Lutnick, present at the Piper Sandler Global Exchange & FinTech Conference on June 8, 2022, at 3:00 p.m. ET. The event will be available via live webcast, with a replay accessible for 365 days afterward. BGC specializes in various financial offerings, including Fixed Income, Foreign Exchange, and Equities, providing services like trade execution and analytics. The company trades on Nasdaq under the symbol BGCP.

BGC Partners, Inc. (Nasdaq: BGCP) announced its financial results for Q1 2022, revealing its performance from the quarter ending March 31. The company has declared a quarterly dividend, underscoring its commitment to returning value to shareholders. A conference call is scheduled for May 3, 2022, at 8:00 AM ET to discuss these results in detail. BGC, a global brokerage and financial technology company, continues to cater to major financial institutions and offers various financial products and services, including Fixed Income, Forex, and Equities.