BGC Partners Completes Acquisition of Sunrise Brokers Group

BGC Partners (NASDAQ:BGCP), a global brokerage company servicing the financial and real estate market, has completed its Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Sunrise Brokers Group, helping shore up its Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term capabilities, per a company statement.

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BGC Partners had previously been pursuing an acquisition since July 2016 – Sunrise Brokers Group is an independent financial brokerage with a leading reputation in worldwide equity derivatives. The group was founded in 1991 and had on balance over $90 million of consolidated revenue for 2015.

The assimilation of Sunrise Brokers Group will help BGC Partners augment its equity derivatives offerings suite, which will also complement its existing financial services business. Terms of the acquisition were not disclosed.

The latest acquisition also caps what has been an active year for BGC Partners in the M&A space, as it previously completed a merger with GFI Group Inc. Following news of the acquisition, BGC Partners’ share prices (NASDAQ:BGCP) were trading up 2.1% during US trading Tuesday at the time of writing, settling at $10.19, just below a 52-week high of $10.33.