BGC Partners (BGCP) Updates Q4 Outlook; Includes GFI Group Consolidation
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BGC Partners Updates Its Outlook for the Fourth Quarter of 2015
December 31, 2015 9:18 AM ESTNEW YORK, Dec. 31, 2015 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or the "Company,") a leading global brokerage company servicing the financial and real estate markets, today announced that it has updated its outlook for the quarter ending December 31, 2015. The results will include the consolidation of those for BGC's majority-owned division, GFI Group Inc. (OTC: GFIG) ("GFI Group" or "GFI"), a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets.
BGC expects its quarterly revenues for distributable... More
