BGC Partners, Inc.

BGC Partners, Inc.

BGC Partners, Inc.

Overview
Date Founded

1945

Headquarters

499 Park Avenue, New York, NY, 10022, USA

Type of Company

Public

Employees (Worldwide)

5,200

Industries

Investment Banking & Brokerage
Accounting & Financial Services

Company Description

BGC Partners, Inc. engages in the provision of brokerage services to the financial markets. The firm offers integrated voice, hybrid, and fully electronic brokerage in a broad range of products, including fixed income, foreign exchange, equities, insurance, energy and commodities, and futures. It also provides trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services. The company was founded in 1945 and is headquartered in New York, NY.

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Executives & Employees

Chief Executive Officer

Vice Chairman

Chief Financial Officer & Principal Accounting Officer

Chief Operating Officer & Executive Vice President

Executive Vice President, General Counsel & Secretary

Chief Marketing Officer

Corporate Secretary, Managing Director & Chief Counsel-Securities & Corporate Governance

Chief Information Officer

Chief Accounting Officer

Executive Managing Director & General Manager, Latin America

Board of Directors

Chief Executive Officer at BGC Partners, Inc.

Vice Chairman at BGC Partners, Inc.

President at World Media Foundation, Inc.

Former Executive Vice President & General Auditor at JPMorgan Chase & Co.

Provost & Dean of the Faculty at Columbia University - Barnard College

Founder at Prodrive Ltd.

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BGC Partners, Inc.
Owners & Shareholders
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Arctis Management UK Ltd., a subsidiary of Arctis Management Cayman Ltd., is a company headquartered in London, UK. The firm provides investment advice.

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Cardinal Capital Management engages in a buy and hold investment strategy that focuses on investments in domestic micro-cap, small-cap and SMID-cap value equities. The firm buys securities and holds them for a relatively long period of time, regardless of short-term factors such as fluctuations in the market or volatility of the stock price. From time to time, however, Cardinal may hold securities for significantly shorter periods of time. The firm searches for investment opportunities within inefficient market niches with emphasis on companies emerging from bankruptcy or corporate restructurings such as spin-offs. They seek to identify companies that are not yet well known or are underfollowed, and to develop opinions on out-of-favor companies businesses. Cardinal also investigates corporate events that often signal undervaluation by tracking large share repurchase activity, significant insider buying and announcements that companies are pursuing strategic alternatives.

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Rubric Capital Management aims to achieve capital appreciation and maximize risk-adjusted absolute returns. The firm employs a value-oriented long/short strategy comprised of, but not limited to, a book of deep-value long positions and an alpha short book that is core to its strategy. They utilize a fundamental and multi-year perspective in identifying the core investments from a universe generally comprised of equities and debt in all sectors. Furthermore, the firm implements a disciplined approach to risk management and capital preservation at the position, portfolio and firm levels in seeking to maximize the delivery of alpha from both its long and short investments.

Recent Transactions
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BGC Partners, Inc., Lucera Financial Infrastructures LLC purchase Algomi Ltd.

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BGC Partners, Inc. purchases ED Broking Group Ltd. from Lightyear Capital LLC

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Marex Spectron Group Ltd. purchases CSC Commodities UK Ltd. from BGC Partners, Inc.

Transaction Advisors
Investment Advisor

Advised onNasdaq, Inc. purchases BGC Partners, Inc. /US Treasury Electronic Trading Ops from BGC Partners, Inc.

Legal Advisor

Advised onNasdaq, Inc. purchases BGC Partners, Inc. /US Treasury Electronic Trading Ops from BGC Partners, Inc.

Investment Advisor

Advised onBGC Partners, Inc. purchases GFI Group, Inc.

Legal Advisor

Advised onBGC Partners, Inc. purchases GFI Group, Inc.

Counsel

Advised onBGC Partners, Inc. purchases Berkeley Point Capital LLC from CF Group Management, Inc.

Legal Advisor

Advised onBGC Partners, Inc. purchases Grubb & Ellis Co.

Advisors & Consultants
Real Estate Agent

Senior Managing Director, Brokerage at Newmark & Company Real Estate, Inc.

Legal Advisor

Partner at Kramer Levin Naftalis & Frankel LLP

Legal Advisor

Partner at Friedman Kaplan Seiler & Adelman LLP

Clients

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors. The Wealth Management segment offers brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed-income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. The Investment Management segment provides equity, fixed income, alternative investments, real estate, and merchant banking strategies. The company was founded by Harold Stanley and Henry S. Morgan on September 16, 1935 and is headquartered in New York, NY.

Credit Suisse Group AG is holding company, which engages in the provision of financial services. It operates through the following segments: Swiss Universal Bank; International Wealth Management; Asia Pacific; Global Markets; and Investment Banking and Capital Markets. The Swiss Universal Bank segment offers comprehensive advice and financial solutions to private, corporate, and institutional clients in Switzerland. The International Wealth Management segment gives advisory services, and tailored investment and financing solutions to wealthy private clients and external asset managers in Europe, the Middle East, Africa, and Latin America. The Asia Pacific segment comprises of wealth management, financing, and underwriting activities. The Global Market segment delivers securities sales, trading and execution, prime brokerage, and comprehensive investment research. The Investment Banking and Capital Markets segment covers investment banking services to corporations, financial institutions, and financial sponsors. The company was founded by Alfred Escher on July 5, 1856 and is headquartered in Zurich, Switzerland.

NatWest Group Plc engages in the provision of international banking and financial services. It operates through the following segments: Personal and Business Banking, Commercial and Private Banking, RBS International (RBSI), NatWest Markets, and Central Items and Other. The Personal and Business Banking segment consists of the United Kingdom Personal, Business Banking, and Ulster Bank RoI sub-segments. The Commercial and Private Banking segment covers the Commercial Banking, Private Banking, and RBS International Commercial Banking sub-segments, involved in serving retail, commercial, corporate, and financial institution customers. The RBSI serves retail, commercial, corporate and financial institution customers in Jersey, Guernsey, Isle of Man and Gibraltar and financial institution customers in Luxembourg and London. The NatWest Markets offers corporate and institutional customers global market access, providing them with trading, risk management, and financing solutions. The Central Items and Other segment include corporate functions, such as RBS treasury, finance, risk management, compliance, legal, communications, and human resources. The company was founded on March 25, 1968 and is headquartered in Edinburgh, the United Kingdom.

Key Stats and Financials As of 2019
Market Capitalization
$1.61B
Total Enterprise Value
$3.91B
Earnings Per Share
$0.16
Revenue
$2.12B
Net Profit
$55.7M
EBITDA
$238M
EBITDAMargin
11.23%
Total Debt
$1.35B
Total Equity
$767M
Enterprise Value / Sales
1.85x
Enterprise Value EBITDAOperating
15.66x
TEVNet Income
70.19x
Debt TEV
0.35x
Three Year Compounded Annual Growth Rate Of Revenue
-7.9%
Five Year Compounded Annual Growth Rate Of Revenue
3.44%
Non-Profit Donations & Grants
$1,000 - $2,499
2012
$50K - $100K
2011
$50K - $100K
2010
Investments
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Knotel, Inc. engages in the provision of workspace properties on rent for companies. It offers desks, open and private spaces, service floors, and buildings. The company was founded by Amol R. Sarva and Edward Shenderovich in 2015 and is headquartered in New York, NY.

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Workframe, Inc. offers visual inspiration and workflow tool for commercial design professionals. It involves in designing, building, and managing workplace. The company was founded by Robert Moore, Matthew Smith, Mia Irene Lewin, Andy Parsons, Thomas Melcher, and Kevin P. Ryan on December 09,2014 and is headquartered in New York, NY.

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Hightower, Inc. provides mobile technology platform that allows landlords and their brokers to collaborate on deals in real time. The firm's platform allows brokers and owners to reach prospects, convert prospects to tenants, and manage portfolio performance aspects. The company was founded by Brandon Weber, Niall Smart and Donald DeSantis in July 2013 and is headquartered in New York, NY.

Investors
Details Hidden

Executive Chairman & Founder at BlueVoyant LLC

Suppliers
Thomson Reuters Corporation Computer Software | New York, NY

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare, science and media markets, powered by the world’s most trusted news organization. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and the New York Stock Exchange (NYSE: TRI).

Bloomberg, Inc. Other Business & Consulting Services | New York, NY

Bloomberg, Inc. provides market data research and publishing services. It offers online publishing and marketing services. The firm provides data, news, analytics and solutions for professional, corporate and government. The company is headquartered in New York, NY.

Nikkei, Inc. IT Consulting & Services | Tokyo, Japan

Nikkei, Inc. operates as a holding company with core business in newspaper publishing. It covers books, magazines, digital media, database service, broadcasting, and develops economic and cultural projects. The company was founded on December 2, 1876 and is headquartered in Tokyo, Japan.

Competitors
TP ICAP Plc Investment Services & Portfolio Management - London, United Kingdom

Our Story The Tullett Prebon brand now enjoys unrivalled recognition in the markets globally. Behind the consolidation process of the last five years lays a heritage stretching back 140 years, to 1868. Prebon In 1868, Matthew Marshall founded a company called Marshall & Son. Matthew was well connected as his father, also called Matthew, was Chief Cashier at the Bank of England and was responsible for the Bank Charter Act of 1855. Matthew junior began his working career at the Bank in 1839, before moving into broking. In 1910, Matthew Wilberforce Marshall (son of Matthew Marshall junior) became senior partner of Marshall & Sons. In 1923 the company changed its name to M.W. Marshall and Co. The business flourished and the Marshall family remained in active control of the company right up until 1967. Marshalls were not the only exchange brokers in town, because in the 1920s another company began broking foreign exchange, Charles Fulton and Co. By 1967 the Marshall family sold out, and in 1972 the company was acquired by Mercantile House Holdings plc. Between 1972 and 1991, first Mercantile House and then International City Holdings (ICH), provided consolidation platforms for many of the hitherto independent broking houses: Prebon (US) money broker, Charles Fulton and Co., Woellworth and Co. (established 1926), Kirkland-Whittaker (established 1951) and Babcock & Brown (established 1986). The combined group known as Babcock Fulton Prebon was the subject of a management buyout in 1991. The following year in recognition of its relationship with the Yamane group of companies in Japan, the company was renamed Prebon Yamane. In 1999, Prebon Yamane and M.W. Marshall merged and formed the largest OTC broking group of the time, globally broking an underlying value exceeding US$55 trillion annually. This company was called Prebon Marshall Yamane. Tullett Whilst Prebon Marshall Yamane was doing nicely, there was another wholesale broker called Tullett & Riley Co Ltd founded in 1971 by Derek Tullett, also broking foreign exchange. In the second year of operating, the company became the first international money broker to open a New York office under its own name, and so throughout the seventies and eighties continued to develop a number of overseas offices. In the year 1983, The Tokyo Forex Company, Japan’s largest money broker, bought a significant stake in Tullett & Riley and changed its name to Tullett & Tokyo Forex International Limited, thus enabling the company to establish themselves in the international markets very quickly. Elsewhere plans were moving ahead for 36 primary dealers to jointly own their own brokerage firm. This firm was called Liberty Brokerage Inc and was a division of Mabon Nugent. Liberty, formerly known as PGB Securities, was then acquired by Salomon Brothers and five other securities dealers and banks including Citicorp. They then became known as the Liberty Group which comprised three specialised brokerage subsidiaries; Liberty Brokerage Inc, Liberty Brokerage Securities Inc and Liberty EurAsia Ltd. Collectively, the group became one of the largest international full service brokers of fixed income securities. In December 1999, Tullett & Tokyo merged with Liberty Brokerage and created one of the world’s largest inter-dealer brokers, the company then became known as Tullett & Tokyo Liberty plc. The merger also brought together two of the leading providers of technology in electronic trading. A year later, Tullett & Tokyo Liberty was rebranded Tullett Liberty. In March 2003 Tullett Liberty was acquired by Collins Stewart plc and the group became Collins Stewart Tullett. In October of 2004 Collins Stewart Tullett acquired Prebon Yamane, bringing together two of the oldest and most well respected brokerage houses in the world. Collins Stewart was demerged in December 2006 and listed on the London Stock Exchange as Collins Stewart plc, and Collins Stewart Tullett plc became Tullett Prebon plc at the same time. The company is now known as Tullett Prebon.

Viel & Cie SA Investment Banking & Brokerage - Paris, France

Viel & Cie SA engages in investment in companies in the finance sector. It operates through the following segments: Interdealer Broking, Online Broking, and Private Banking. The Interdealer Broking segment covers the operations of Compagnie Financière Tradition. The Online Broking segment involves online trading activities through Bourse Direct. The Private Banking segment refers to the banking operations of SwissLife Banque Privée. Viel & Cie was founded in 1920 and is headquartered in Paris, France.

Awards & Honors
Rank #710
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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