BGC Partners, Inc. (NASDAQ: BGCP), a global brokerage company that caters to myriad financial and real estate markets, has appointed Yann Le Gallais as its Managing Director and Head of BGC's Swiss offices, according to a BGC statement. In his new role as the Managing Director and Head of BGC’s Swiss operation, Mr. Le Gallais will be based out of Nyon where he will focus on developing the group’s client base in Switzerland, as well as its suite of products and services. Moreover, he will be reporting to Jean Pierre Aubin, BGC’s Executive Managing Director, Global Head of Listed Products and General Manager, Continental Europe. Mr. Le Gallais joins BGC with over fifteen years of experience in the financial services industry, including stints in senior level sales, management and strategic development roles. Most recently he worked for over a decade at Exane Group as its Managing Director. Prior to this position, he also held executive level sales positions on the Equity Derivatives desks at JPMorgan Chase Bank and ICAP. According to Mr. Aubin in a recent statement on the appointment, "With an increasing number of asset managers and other Buy-Side firms establishing a larger presence in Switzerland, BGC is focused on growing our capability in this market so we can provide the highest level of service to clients in the area.” “We are pleased to have a high caliber professional with Mr. Le Gallais' expertise working with a range of complex financial instruments and in-depth knowledge of the local market environment spearheading our efforts there,” he added. "BGC Partners commitment to client service and being at the forefront of delivering innovative products to the market is widely recognized. I am excited to be joining the team in Switzerland and partnering with colleagues throughout the company to bring the benefits that BGC offers to a broader set of clients in this important local market," noted Mr. Le Gallais in an accompanying statement. Last month, BGC made headlines after it the Intercontinental Exchange (NYSE: ICE) entered into an agreement to acquire Trayport, a subsidiary of GFI Group, for $650 million in ICE common stock. GFI Group had been acquired by BGC Partners back in March 2015 – its subsidiary, Trayport, is a technology platform provider, helping serve brokers for both electronic and hybrid trade Execution largely relegated to European over-the-counter (OTC) utility markets.
BGC Partners, Inc. (NASDAQ: BGCP), a global brokerage company that caters to myriad financial and real estate markets, has appointed Yann Le Gallais as its Managing Director and Head of BGC's Swiss offices, according to a BGC statement. In his new role as the Managing Director and Head of BGC’s Swiss operation, Mr. Le Gallais will be based out of Nyon where he will focus on developing the group’s client base in Switzerland, as well as its suite of products and services. Moreover, he will be reporting to Jean Pierre Aubin, BGC’s Executive Managing Director, Global Head of Listed Products and General Manager, Continental Europe. Mr. Le Gallais joins BGC with over fifteen years of experience in the financial services industry, including stints in senior level sales, management and strategic development roles. Most recently he worked for over a decade at Exane Group as its Managing Director. Prior to this position, he also held executive level sales positions on the Equity Derivatives desks at JPMorgan Chase Bank and ICAP. According to Mr. Aubin in a recent statement on the appointment, "With an increasing number of asset managers and other Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term firms establishing a larger presence in Switzerland, BGC is focused on growing our capability in this market so we can provide the highest level of service to clients in the area.” “We are pleased to have a high caliber professional with Mr. Le Gallais' expertise working with a range of complex financial instruments and in-depth knowledge of the local market environment spearheading our efforts there,” he added. "BGC Partners commitment to client service and being at the forefront of delivering innovative products to the market is widely recognized. I am excited to be joining the team in Switzerland and partnering with colleagues throughout the company to bring the benefits that BGC offers to a broader set of clients in this important local market," noted Mr. Le Gallais in an accompanying statement. Last month, BGC made headlines after it the Intercontinental Exchange (NYSE: ICE) entered into an agreement to acquire Trayport, a subsidiary of GFI Group, for $650 million in ICE common stock. GFI Group had been acquired by BGC Partners back in March 2015 – its subsidiary, Trayport, is a technology platform provider, helping serve brokers for both electronic and hybrid trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term largely relegated to European over-the-counter (OTC) utility markets.
