BGC Partners Acquires Canadian Electronic Fixed Income Platforms Operator
- One of the leading broker-dealers in the U.S. has continued its acquisition efforts via purchasing Perimeter Markets.
One of the leading brokerage companies in the U.S., BGC Partners has announced the acquisition of Canadian electronic trading platforms operator Perimeter Markets. The target company which is one of the leading Canadian firms to provide electronic and voice broking solutions in fixed income was founded in 1999 in the financial center of Canada, Toronto.
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Perimeter markets will enable BGC Partners to expand its access to the Canadian market as well as attract more clients from the country. The company is fully regulated in Canada by the Ontario Securities Commission (OSC) and the Investment Industry Regulatory Organization of Canada (IIROC).
Aside from its expertise in the fixed income markets, Perimeter Markets also provides futures trading in Canada, via its CBID™ platforms.
Commenting on the announcement, the president of BGC Partners, Shaun Lynn, said: ”This transaction will enhance BGC's electronic offering and increase its footprint in the Canadian marketplace.”
The company has not disclosed the financial terms of the transaction with the regulatory approval for the deal still pending.
BGC Partners Continues Acquisition Spree
Last year BGC Partners made a major acquisition in the U.S. after winning a bidding war against none other than the CME Group for intermediary and trading Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro GFI Group.
The US inter-dealer broker has also made a bold post-Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis acquisition in the UK last month, after purchasing London based Sunrise Brokers for an undisclosed sum. The company has taken advantage of the weak British pound and expanded its business in the UK.
One of the leading brokerage companies in the U.S., BGC Partners has announced the acquisition of Canadian electronic trading platforms operator Perimeter Markets. The target company which is one of the leading Canadian firms to provide electronic and voice broking solutions in fixed income was founded in 1999 in the financial center of Canada, Toronto.
Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!
Perimeter markets will enable BGC Partners to expand its access to the Canadian market as well as attract more clients from the country. The company is fully regulated in Canada by the Ontario Securities Commission (OSC) and the Investment Industry Regulatory Organization of Canada (IIROC).
Aside from its expertise in the fixed income markets, Perimeter Markets also provides futures trading in Canada, via its CBID™ platforms.
Commenting on the announcement, the president of BGC Partners, Shaun Lynn, said: ”This transaction will enhance BGC's electronic offering and increase its footprint in the Canadian marketplace.”
The company has not disclosed the financial terms of the transaction with the regulatory approval for the deal still pending.
BGC Partners Continues Acquisition Spree
Last year BGC Partners made a major acquisition in the U.S. after winning a bidding war against none other than the CME Group for intermediary and trading Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro GFI Group.
The US inter-dealer broker has also made a bold post-Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis acquisition in the UK last month, after purchasing London based Sunrise Brokers for an undisclosed sum. The company has taken advantage of the weak British pound and expanded its business in the UK.