BGC Partners Acquires Canadian Electronic Fixed Income Platforms Operator

One of the leading brokerage companies in the U.S., BGC Partners has announced the acquisition of Canadian electronic trading platforms operator Perimeter Markets. The target company which is one of the leading Canadian firms to provide electronic and voice broking solutions in fixed income was founded in 1999 in the financial center of Canada, Toronto.

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Perimeter markets will enable BGC Partners to expand its access to the Canadian market as well as attract more clients from the country. The company is fully regulated in Canada by the Ontario Securities Commission (OSC) and the Investment Industry Regulatory Organization of Canada (IIROC).

Aside from its expertise in the fixed income markets, Perimeter Markets also provides futures trading in Canada, via its CBID™ platforms.

Commenting on the announcement, the president of BGC Partners, Shaun Lynn, said: ”This transaction will enhance BGC's electronic offering and increase its footprint in the Canadian marketplace.”

The company has not disclosed the financial terms of the transaction with the regulatory approval for the deal still pending.

BGC Partners Continues Acquisition Spree

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