BGC Partners has reported a year-on-year increase in revenues, however in what was a pretty decent set of financial results, FX performance was the only asset class to see a drop with the ‘energy and commodities’ and ‘equities, insurance and other asset classes’ segments driving the growth. The company, which also announced plans to become […]
Tag: BGC Partners
Keith Sedergreen stepped down as managing director of BGC Partners in Australia at the end of 2018 – he had been with the firm for two years having joined from a seven year career at rival inter-dealer broker Tullett Prebon.
Sedergreen, who is actively pursuing other opportunities in the financial markets industry, has been working in the inter-dealer broking space for almost 40 years including stints in London, New York, Johannesburg and Tokyo before settling in Sydney.
He is also the long-standing vice chair of ACI – The Financial Markets Association’s Committee for Professionalism, having been appointed to the position in late 2013 – in addition Sedergreen has been an active advocate for the FX Global Code, including the use of ACI’s ELAC (e-learning, attestation and certification) portal.
BGC Partners is set to launch a new e-FX trading platform in the next few weeks.
The platform will be unveiled alongside BGC’s new electronic US Treasuries platform, with both being branded under the Fenics umbrella. The FX platform will be called Fenics FX and the Treasuries platform will be called Fenics UST.
Lucera, which is owned by BGC, has supplied the underlying technology for the Fenics FX platform.
Soft trades have already been completed on the new platform and Profit & Loss understands that it will be ready to officially go live with trading in the next few weeks.
Sources familiar with the matter say that BGC Partners has promoted three executives in London and New York.
Anthony Warner will be promoted from senior managing director and general manager, UK and Middle East to executive managing director, and see his responsibilities expanded to include BGC’s European commodities business.
Meanwhile in the US Shawn McLoughlin will be promoted from director of new business development, North America to executive managing director and co-CEO of BGC Financial.
Also in New York senior managing director of BGC Partners, Robert Miller’s mandate will be expanded to include responsibility for the firm’s credit business in the US.
BGC Partners has announced that Michael Morris has joined Fenics Market Data as head of sales for the Americas.
In his new role, he will be based in New York and will report to Elliott Hann, global head of sales at Fenics Market Data.
Morris joins BGC from Bloomberg, where he had been the global head of data acquisition since 2012, and had led data acquisition sales in various capacities since January 2006.
“We are delighted to welcome Mike to the team. He brings to BGC Partners a wealth of industry knowledge and leadership from his 20 years with Bloomberg,” says Elliott Hann.