BGC Partners Announces the Acquisition of the Business of Sterling International Brokers Limited
LONDON, Feb. 25, 2013 /PRNewswire/ -- BGC Brokers L.P., an entity within the BGC Partners, Inc. group (NASDAQ: BGCP) today announced it has acquired the business and certain assets of Sterling International Brokers Limited, a London-based broking firm specializing in Sterling and other major currency transactions.
"We are excited to acquire the business of Sterling International Brokers which has a strong reputation, talented team of brokers, excellent suite of products and a broad client base," commented Mark Webster, Executive Managing Director and General Manager, at BGC. He continued: "The firm's focus on Sterling and other major currency transactions complements the products we offer clients and we look forward to adding this excellent business into our firm imminently."
Previously owned by the Skipton Building Society, Sterling International Brokers' clients include banks, building societies, the public sector and commercial participants in the Sterling and Currency markets. It is regulated by the Financial Services Authority.
About BGC Partners, Inc.
BGC Partners is a leading global brokerage company primarily servicing the wholesale financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products. BGC also provides a wide range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a broad range of financial and non-financial institutions.
Through its eSpeed, BGC Trader, and BGC Market Data brands, BGC offers financial technology solutions, market data, and analytics related to select financial instruments and markets. Through the Newmark Grubb Knight Frank brand, the Company offers a wide range of services including leasing and corporate advisory, investment sales and financial services, consulting, project and development management, and property and facilities management. BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms. For more information, please visit www.bgcpartners.com.
Discussion of Forward-Looking Statements by BGC Partners
Statements in this press release regarding BGC Partners' business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC Partners' Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors set forth in our public filings, including our most recent Form 10-K and any updates to such risk factors contained in subsequent Form 10-Q or Form 8-K filings.
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SOURCE BGC Partners, Inc.