BGC Partners Appoints Shawn McLoughlin as CEO of BGC Financial, Americas

BGC Partners, Inc. (NASDAQ: BGCP), a global brokerage firm that deals in the financial and real estate industry, has announced the appointment of Shawn McLoughlin as the CEO of BGC Financial for the Americas Region.

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Prior to this, McLoughlin worked as the Director of New Business Development in the North American region for BGC Partners for the past five and a half years. Before that, he was the CEO of Ticonderoga Securities LLC.

Shaun Lynn, President of BGC Partners, said: "Shawn will work to define business strategy for new products and drive revenue growth in the North American market.” He added that the existing Americas CEO Lou Scotto will stay on at the company and oversee special projects like the FENICS UST product.

FENICS is the market data arm of the company and it recently began to provide FX market data from China to its clients.

The data includes fixed income, interest rates and FX market data, and made FENICS the only internationally acclaimed commercial agent for this information. The fact that the company has now appointed a former CEO to focus on this product shows us how much the FENICS product is valued within the company.

Apart from market data, BGC provides a wide range of services including Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term, post trade information, and broker-dealer services, among others.