BGC Partners (BGCP) lowers Q3 revenue outlook

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BGC Partners Updates its Outlook for the Third Quarter of 2022

September 29, 2022 8:00 AM EDT

NEW YORK, Sept. 29, 2022 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC Partners" or "BGC" or the "Company"), a leading global brokerage and financial technology company, today announced that it has updated its outlook for the quarter ending September 30, 2022.

Updated OutlookBGC's revenue for the third quarter of 2022 is now expected to be below the midpoint of the range of its previously stated outlook. BGC's revenue would have been approximately $20 million higher, if not for the strengthening... More