BGC Partners Hires Peter Jerrom to Reinforce Broking Operations

One of the leading brokerage companies in the United States, BGC Partners, Inc. (NASDAQ: BGCP) has selected Peter Jerrom as its newest Listed FX Broker to help the New York-based brokerage boost its share of broking at FX OTC markets and listed markets making, according to information made public on Jerrom’s Linkedin profile.

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BGC Partners is a wholesale broker through which banks and other firms trade bonds, derivatives, currencies, and other instruments. BGC’s platform competes with platforms owned by ICAP Plc., Tradeweb Markets LLC and Bloomberg LP, the parent company of Bloomberg News.

BGC has been busy in enhancing its brokerage offering this year, most recently in August acquiring Canadian electronic trading platforms operator Perimeter Markets.

Before that role, Jerrom has just parted ways with R.J. O’Brien & Associates where he assumed a similar role for only two months. The foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term veteran joined the commodities broker in London earlier in May, as Finance Magnates reported.

Earlier in his career, Mr. Jerrom served for two years as FX desk head at Sigma Broking LTD where he was tasked with FX CME to OTC Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term for both buy and sell side. Before this job, he spent five years at UniCredit Markets & Investment Banking, based in London, as Global Head FX Derivatives managing G10 and CEEMA teams in London, New York, Hong Kong, Munich and Vienna.

Back in 2007, Mr. Jerrom joined Lehman Brothers as Head FX Exotics and stayed at the U.S. banking giant until its dramatic bankruptcy in 2008, which caused shockwaves across the global financial markets. Previously, he was a Senior Trader and held product development roles at Barclays Capital. He started his career at Citibank, where he was a trader in London, New York and Singapore.