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Retail FX

FCA Slaps £4,8m Fine on BGC Brokers and GFI Subsidiaries

BGC Brokers, GFI Brokers and GFI Securities must pay a fine of almost £4,8 million.
The inter-dealer brokers failed to implement MAR trade surveillance requirements.

Thursday, 08/12/2022 | 13:19 GMT by Damian Chmiel

Regulation

SEC Reaches $4.3 Million Settlement with GFI Securities

The broker-dealer was accused of material misstatements regarding customer anonymity.

Monday, 30/09/2019 | 14:08 GMT by Celeste Skinner

Execution

GFI Group to Acquire Interdealer Broker Micromega Securities

The acquisition will help GFI increase its global footprint in South Africa.

Thursday, 22/12/2016 | 15:12 GMT by Jeff Patterson

Execution

BGC Partners Acquires Canadian Electronic Fixed Income Platforms Operator

One of the leading broker-dealers in the U.S. has continued its acquisition efforts via purchasing Perimeter Markets.

Thursday, 25/08/2016 | 20:58 GMT by Victor Golovtchenko

Executive Moves

eFX Veteran Stephen Lynch Departs Nomura to Join Dominant Factor Indices

Nomura's executive director and eFX veteran has joined Dominant Factor Indices.

Friday, 20/05/2016 | 07:43 GMT by Steven Hatzakis

Prime Brokerage

BGC Partners Revises Q4 2015 Outlook Post GFI and Trayport Deals

BGC expects to pay a net tax rate of 10 percent or less with respect to the $650 million Trayport transaction, down from 15 percent or less.

Thursday, 31/12/2015 | 14:44 GMT by Avi Mizrahi

Exchanges

ICE Formally Completes Acquisition of BGC’s Trayport

ICE has completed its acquisition of Trayport from BGC Partners and GFI Group for $650 million or 2.5 million shares of ICE combo stock.

Friday, 11/12/2015 | 16:01 GMT by Jeff Patterson

Prime Brokerage

Bloomberg: FX Markets Spoofing Under Investigation by NY Attorney General

Following the latest round of fines for major banks engaged in FX market rigging, inter-dealer brokers are now called upon to present evidence.

Monday, 23/11/2015 | 17:40 GMT by Victor Golovtchenko

Exchanges

Breaking: ICE Acquires BGC Partners’ Trayport for $650 Million

The agreement is important for ICE in that it will usher in the provision of a suite of new services to the European OTC energy markets.

Monday, 16/11/2015 | 13:27 GMT by Jeff Patterson

Executive Moves

IG Group Taps Daniel Williams as its Global Head of Internal Audit

Mr. Williams will be tasked with managing IG’s Global Internal Audit capabilities and oversight of its risk management framework.

Wednesday, 28/10/2015 | 09:36 GMT by Jeff Patterson

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