BGC Group

Last updated
BGC Group, Inc.
FormerlyBGC Partners
Company type Public
Nasdaq:  BGC
Russell 1000 component
S&P 600 component
Industry
Founded1945;79 years ago (1945)
Headquarters New York, New York, U.S. U.S. and London, England, UK
Area served
Worldwide
Key people
 Howard Lutnick (chairman & CEO)
Products
RevenueIncrease2.svg US$ 2.613 billion (2016) [1]
Decrease2.svg US$ 188.3 million (2016) [1]
Decrease2.svg US$ 157.7 million (2016) [1]
Total assets Decrease2.svg US$ 3.508 billion (2016) [1]
Total equity Decrease2.svg US$ 1.157 billion (2016) [1]
Number of employees
9,238 [2]  (2017)
Website Official website

BGC Group, Inc. (formerly BGC Partners) is an American global financial services company based in New York City and London. Originally formed as part of the larger Cantor Fitzgerald organization, BGC Partners became its own entity in 2004.

Contents

History

1945–1990

In 1945, Bernard Gerald Cantor founded a brokerage service for inter-dealer fixed-income markets. The resulting company was B.G. Cantor and Company, which later became Cantor Fitzgerald. [3]

In 1965 Cantor Fitzgerald established an Institutional Equities Sales and Trading Division, which offers large block trading to asset managers, pension funds, and portfolio managers. In 1983, Cantor Fitzgerald became the first firm to offer worldwide screen brokerage services in US Government securities.[ citation needed ]

1991–2001

In 1991, Howard Lutnick was named president of Cantor Fitzgerald, after having worked at the firm for the previous eight years. [4] Lutnick placed a new emphasis on technological innovation at the company, and in 1996 led the development of eSpeed, which went public in 1999. [5]

The September 11 attacks claimed 658 employees of Cantor Fitzgerald and eSpeed, whose headquarters were in the World Trade Center. [5] In response to the attacks, BGC Partners and Cantor Fitzgerald pledged to donate 25% of their profits to families of deceased employees. [6]

2004–present

BGC Partners was formed in 2004 when Cantor Fitzgerald spun out its voice brokerage business. The initials BGC stand for that company's founder, Bernard Gerald Cantor.

In April 2005, BGC Partners LP merged with Maxcor Financial Group Inc. to form BGC Partners. [7] [8]

In September 2005, BGC Partners held their first annual Charity Day event. The event featured Harry Carson, Boomer Esiason, and Mariano Rivera and raised money for the Cantor Fitzgerald Relief Fund among other charities. [9]

In 2007, BGC Partners opened an office in Seoul, South Korea [10] and became the first inter-dealer broker to open an office in Istanbul, Turkey. [11]

In 2008, BGC Partners merged with eSpeed and becomes BGC Partners Inc. [12] [13]

In November 2009, BGC Partners won Asia Risk Magazine's first ever award for Technology Development. [14]

In May 2012 the Financial Services Authority, Britain's financial regulator, announced its decision to prohibit Anthony Verrier (a senior executive at BGC) from performing any function in relation to any regulated activity in the financial services industry. [15] The FSA stated it believes that Verrier is not a fit and proper person due to concerns over his honesty, integrity and reputation. Its decision followed a civil court ruling that Verrier led an unlawful poaching conspiracy against rival interdealer broker Tullett Prebon and did not tell the truth about it in court.

Also in May 2012 a story was published by the New York Daily News under the headline 'Cantor Fitzgerald VP was boss from hell, secretary says in suit' [16] which reported on a lawsuit brought against the company by former employee Crystal Mitchell. Mitchell worked as an executive assistant to Michael Lampert at BGC USA, an affiliate of Cantor Fitzgerald, in March 2011. According to the suit filed by her lawyer David Harrison, her boss once threw a cup of tea at her because she hadn't removed the teabag. "The boiling hot liquid spilled on [Mitchell], burning her stomach and upper leg, and staining her clothes." the suit said, adding that "Almost daily, Lampert humiliated and degraded Mitchell, yelling at her as if she was inferior and calling her: 'stupid,' 'moron,' 'the dumbest person I ever met,' 'incompetent,' and 'idiot,' ". Elsewhere in the discrimination suit, she says she complained about the treatment to human resource managers — but her pleas for help were ignored.

In October 2012 the New York Post ran an article entitled 'Cantor, Moody's Dogfight' reporting on a 'feud' between the company and Moody's Investors Service. [17] The article stated that Cantor Fitzgerald and Moody's had been feuding for months over differing opinions of Cantor's profitability. In July 2012 Cantor terminated its relationship with Moody's. In October 2012 the ratings agency dropped BGC's status to Ba2. [18] In December 2012 Bloomberg reported that S&P cut Cantor to BBB− and left the rating for BGC Partners Inc., the company's interdealer broker affiliate, unchanged at the lowest investment grade. [19]

Two articles appeared in January 2013 written by Bloomberg journalist Zeke Faux. The first, dated January 8 was titled 'Cantor May Face Another Ratings Cut as Fitch Cites Slump' and quoted Mohak Rao, a Fitch analyst. [20] Rao wrote in a report "Cantor's institutional business and BGC's financial brokerage business will remain challenged in the medium term because of lower trading volume".

Two days later Zeke Faux published a second, much longer, article titled 'Cantor Growth Plan Sputters as 41% of Touted Hires Exit' citing that 41% of the 158 traders and bankers whose hirings Cantor announced in news releases since 2009 had left, according to industry records. [21]

On April 1, 2013, NASDAQ OMX Group agreed to acquire an electronic Treasurys marketplace from brokerage firm BGC Partners Inc. in a cash-and-stock deal valued at as much as $1.23 billion. [22] The sale caused BGC to see the biggest gain in stock prices since going public in December 1999. [23] The assets sold to Nasdaq in this deal represented $100 million in sales in 2012, less than 6% of BGC's overall total. [24]

On October 2, 2013 BGC's subsidiary BGC Derivative Markets, L.P. launched operations as a Swap Execution Facility (SEF), consistent with the derivatives trading regulations under the Dodd-Frank Act. This followed BGC receiving CFTC approval to operate a Swap Execution Facility in September 2013. [25] [26]

In February 2017, BGC bought London based Lloyd's insurance broker, Besso Ltd. In January 2019, Ed Broking Ltd, another London headquartered Lloyd's insurance broker was added to the Group.

On July 3, 2023, the company changed its ticker from BGCP to BGC.

Management and directors

Offices

The company's global headquarters are in Midtown, New York City, while it also has an office in the Downtown Financial District. The company and its associated businesses also operate offices around the world:

North America

South America

Europe

Asia

Australia

Africa

Associated businesses

Philanthropy

Global Charity Day

BGC Charity Day was founded in 2005 to raise money for the Cantor Fitzgerald Relief Fund and other nonprofits as a way to honor the victims of 9/11. Each year on or near September 11, BGC Charity Day brings in celebrities, athletes and politicians alike to man their phones and speak with clients, with all revenue from the day being donated to charities of choice. The Charity Day event has also spread beyond New York to all of BGC Partners' international offices.[ citation needed ]

YearFunds Raised (millions)Charities Benefitted (US)Attendees
2005$3.9 [45] Cantor Foundation, CLIC Sargent, The Shane Warne Foundation Boomer Esiason, Harry Carson, Mariano Rivera
2006$5Safe at Home Foundation, Daniel Pitino Foundation, Happy Hearts, Minority Athletes Networking ETC, Marine Corporation Foundation for Children Phil Simms, Rick Pitino, Petra Němcová, Joe Torre
2007$6Books for Kids Project FIND, Blythedale Children's Hospital, The Cancer Research Institute, NARSAD, Project Find, Wounded Warrior Project Eli Manning, Tony Sirico, Whoopi Goldberg, Yogi Berra, Bernie Williams, Boomer Esiason
2008$8 [46] Baby Buggy, The Boomer Esiason Foundation, The Children's Institute, Ice Hockey in Harlem, Jubilee Center, Mercy Center, National Downl Syndrome Society, Project Find, Quality Services for the Autism Community, The Valerie Fund, Wounded Warrior Project Tiki Barber, Dr. Ruth Westheimer, Michael Bloomberg, Steve Buscemi, Donald Trump [47]
2009$10 [48] The Bone Marrow Foundation, The Boomer Esiason Foundation, Childhelp, The Children's Institute, Coast to Coast Against Cancer, Friends of the Fighting 69th, Garden of Dreams, Harlem RBI, Jubilee Center, Mercy Center, Quality Services for the Autism Community, The Valerie Fund, Wounded Warrior Project Lady Gaga, Mika Brzezinski, Joe Scarborough, Natalie Morales [47]
2010$10 [49] Baby Buggy, Bone Marrow Foundation, Boomer Esiason Foundation, Building Homes for Heroes, Childhelp, Eli Manning Foundation, The Felix Organization, Foundation for Sight and Sound, Friends of the Fighting 69th, Garden of Dreams, Harlem RBI, Jubilee Center, Level the Field, Mercy Center, Solving Kids Cancer, Team KJ, Tuesday's Children, Wounded Warrior Project, 52nd Street Project. Hilary Duff, Edie Falco, Gabrielle Union, Mark Ruffalo, Jon Voight, [50] Billy Crudup [51]
2011$12 [52] Alliance for Lupus Research, AmeriCares, Boomer Esiason Foundation, Building Homes for Heroes, Felix Organization, Garden of Dreams, Happy Hearts, Harlem RBI, Intrepid Sea, Air and Space, Make-a-Wish Foundation, Services for the Underserved, Solving Kids Cancer, St. Christopher's, Tony Alt Foundation, USTA Serves, Wheelchair Sports Federation, Worldwide Orphans Foundation, Wounded Warrior Project, Youth Consultation Services Ronnie Wood, Prince Harry, Cherie Blair, Bill Clinton, Carmelo Anthony, Eli Manning, Henrik Lundqvist, Ike Davis, John McEnroe, Mark Sanchez, Rex Ryan, George W. Bush, Russell Simmons, Ben Stiller [53] [54]
2012$12 [55] Alliance for Lupus Research, Boomer Esiason Foundation, Building Homes for Heroes, The Felix Organization, Garden of Dreams, Solving Kids' Cancer, St. Christopher's, Inc., The Tony Alt Memorial Foundation, Wounded Warrior Project, Youth Consultation Service, The 52nd Street Project, The Allan Houston Legacy Foundation Susan Sarandon, Edie Falco, Curtis "50 Cent" Jackson, Rudy Giuliani, Carmelo Anthony, Mike Woodson, John McEnroe, Andrew Garfield, [56] Carol Alt, Eli Manning, [57] Rex Ryan, Mark Sanchez, Mike Tannenbaum [58]
2013$12 [59] The 52nd Street Project, The Allan Houston Legacy Foundation, Alliance for Lupus Research, Baby Buggy, Boomer Esiason Foundation, Boys Hope Girls Hope of New York, Building Homes for Heroes, Carmelo Anthony Foundation, Catalog for Giving of NYC, Emergency Children's Help Organization, G-Unity Foundation, Garden of Dreams Foundation, Game Knights, Harlem RBI, Jason Kidd Foundation, Only Make Believe, Point of Hope, Self Help Africa, Solving Kids' Cancer, St. Mary's Healthcare System for Children, Todd Ouida Children's Foundation, Tony Alt Memorial Foundation, Wounded Warrior Project, Generation Rescue, The Noreen Fraser Foundation Prince Harry and Prince William, Zachary Quinto, [60] Curtis "50 Cent" Jackson, Sean "Diddy" Combs, Caitlyn Jenner (then Bruce), [lower-alpha 1] [62] Julianne Moore, [62] Billy Crystal, [62] Tony Sirico, Bobby Cannavale, Edie Falco, [63] Jenny McCarthy, [64] Boomer Esiason, Craig Carton, Carmelo Anthony, [65] Metta World Peace, Jason Kidd [62] and Deron Williams, Mark Teixeira, Ryan Lochte, Nick Cannon, Carol Alt and Lily Aldridge.
2014$12 [66] Harlem RBI, Sparks, Liya Kebede Foundation, Christina Noble Children's Foundation, The Orphanage Trust, Bali Kids, The Sumba Foundation, Marie Curie Cancer Care, WellChild, The Carmelo Anthony Foundation, The Catalog for Giving of New York City, St. Joseph Home, Dallagio Foundation, Cantor Fitzgerald Relief Fund, ChildFund Korea, Duang Prateep Foundation, Futaba Infant Home, CHICKS, Place2Be, Starlight, Anthony Nolan, Haven House Children's Hospice, Nordoff Robins, Point of Hope, The White Knight Foundation Allan Houston, Gerry Cooney, John Franco, Tim Hardaway Jr., Curtis "50 Cent" Jackson, Jenny McCarthy, John Turturro, Nick Jonas, Rooney Mara, Vincent Pastore, Linda Evangelista, Kelly Bensimon, Amanda Holden, Barbara Windsor, Clive Owen, Damian Lewis, David Gandy, Kirsty Gallacher, Sean Bean, Terence Stamp, Boris Becker, David Gower, Manu Tuilagi, Matt Dawson, Sir Jackie Stewart
2015$12Wounded Warrior Project, Beyond Social Services, Seeing is Believing, SAVH, Sweet Louise, 52nd Street Project, The New York Police & Fire Widow's and Children's Benefit Fund, The Henrik, Lundqvist Foundation, Boys' Town, Breast Cancer Care, Elephant Family, Mencap, Reverse rett, Sur Les Bancs de l'Ecole, Stroke Association, Great Ormand Street Hospital Charity, Haven House Children's Hospice, Jamie Oliver Food Foundation, Boomer Esiason Foundation, Friends of Firefighters, Kookaburra Kids, Leukaemia Foundation, Maggie's Cancer Caring Centre, NSPCC, Kevin Pietersen Foundation AnnaLynne McCord, AnnaSophia Robb, Bridget Moynahan, Kevin Kline, Margot Robbie, Pamela Anderson, Steve Buscemi, Boomer Esiason, Jenny McCarthy, Henrik Lundqvist, Woody Johnson, Sarah, Duchess of York, Amanda Donohoe, Joanna Lumley, Samuel L Jackson, Tom Hardy, Chris Tarrant, Jamie Oliver, Piers Morgan, Darren Gough, Kevin Pietersen, Lewis Moody, Jodie Kidd, The Countess of Wessex
2016$12Building Homes for Heroes, Beyond Social Services, Les Voilas, SAVH, Sweet Louise, 52nd Street Project, The New York Police & Fire Widow's and Children's Benefit Fund, The Henrik, A21, Boys' Town, Breast Cancer Care, Action Medical Research, Mencap, Children in Crisis, DKMS, Sur Les Bancs de l'Ecole, Stroke Association, Great Ormond Street Hospital Charity, Haven House Children's Hospice, Garden of Dreams, Boomer Esiason Foundation, Friends of Firefighters, Kookaburra Kids, Leukaemia Foundation, Maggie's Cancer Caring Centre, NSPCC, Dikembe Mutombo Foundation Robert De Niro, Steve Buscemi, Bridget Moynahan, Carla Gugino, Malin Akerman, Edie Falco, Darryl "DMC" McDaniels, Vincent Pastore, AnnaSophia Robb, Juliana Margulies, Rosie Perez, Uzo Aduba, Tony Danza, Peyton Manning, Eli Manning, Walt Frazier, Chris Snee, Dikembe Mutombo, Dwight Gooden, Jason Pierre-Paul, Justin Pugh, Maria Sharapova, Matt Harvey, Shaquille O'Neal, Shaun O'Hara, Steve Weatherford, Woody Johnson, CC Sabathia, Michael Massimino, Daniel Nigro, Willis Reed, Gerry Cooney, Joe Namath, Allan Houston, Constance Jablonski, Lily Aldridge, Damaris Lewis
2017
2018
2019
2020$10 [67] Matthew McConaughey, Kevin Durant, Patrick Dempsey, Alec Baldwin, Ed Norton, Kristen Bell, Spencer Dinwiddie, CJ Mosley, Victor Cruz, John Stamos,  Goldie Hawn, Tony Gonzalez, Patrick Reed, David Costabile, Billy Crudup, Edie Falco, John Slattery, Matthew Rhys, Steve Buscemi, Allan Houston, Mark Messier, Jim Leyritz, Darryl "DMC" McDaniels, Kathryn Winnick, Jeff Ross, Mark Teixeria, Gerry Cooney, Petra Nemcova, Tony Blair, Henrik Lundqvist, Nick Swisher, Steve Nash, Brian Cashman, Rosie Perez, Virginia Williams [67]
2021$12 [68] Bill Clinton, Tony Blair, Steve Buscemi, John Starks, Nick Swisher, Carol Alt, Brady Skjei, Victor Cruz, Harry Lennix, Rosie Perez, Cindy Crawford, Johnny Damon, Coco Rocha, Spencer Dinwiddie, Kimiko Glenn, Jim Leyritz, Richard Kind, Billy Crystal, Steven Matz, Ron Guidry, Lias Andersson, Mika Zibanejad, Tino Martinez, Brian Cashman, Chuck Liddell, Ilana Glazer, Caris LeVert, Dr. Ruth Westheimer, Kevin Knox, Victor Olapido, Candice Swanepoel, Shannon Elizabeth [69]
2022

Hurricane Sandy relief

When Hurricane Sandy hit the New York and New Jersey coasts in October 2012, damages quickly totaled in the billions, with thousands of family homes completely destroyed along beach properties. A Hurricane Sandy Family Relief Program was established and funded largely by BGC Partners and Cantor Fitgerald's Charity Day efforts. $10 million in the form of $1,000 debit cards were handed out to families whose homes were damaged in the storm. [70] The eligible families were identified through nineteen schools located in areas hardest hit by the storm. [71]

Cantor Fitzgerald Slacks On 9/11 Pledge, But Promises $10 Million To Sandy Relief [72]

Oklahoma Tornado relief

On May 20, 2013, a tornado struck Moore, Oklahoma, killing 24 people and injuring hundreds more. Two days later, Howard Lutnick appeared on the Piers Morgan Live TV show and pledged to donate $2 million to families affected by the tornado. The donation was given out in the form of $1,000 debit cards given out to area families.

Sponsorship

In 2012 the company became the title sponsor of the Masters snooker tournament. [73]

Notes

  1. ↑ Jenner changed her name due to gender transition in 2015. [61]

Related Research Articles

<span class="mw-page-title-main">Aon (company)</span> Professional services firm

Aon plc is a global professional services firm that offers a range of risk-mitigation products. Aon has approximately 50,000 employees across 120 countries.

<span class="mw-page-title-main">Cantor Fitzgerald</span> American financial services company

Cantor Fitzgerald, L.P. is an American financial services firm that was founded in 1945. It specializes in institutional equity, fixed-income sales and trading, and serving the middle market with investment banking services, prime brokerage, and commercial real estate financing. It is also active in new businesses, including advisory and asset management services, gaming technology, and e-commerce. It has more than 5,000 institutional clients.

<span class="mw-page-title-main">Bloomberg L.P.</span> American financial, software, data, and media company

Bloomberg L.P. is an American privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Bank of America through its brokerage subsidiary Merrill Lynch.

<span class="mw-page-title-main">Charles Schwab Corporation</span> American financial services company

The Charles Schwab Corporation is an American multinational financial services company. It offers banking, commercial banking, investing and related services including consulting, and wealth management advisory services to both retail and institutional clients. It has over 380 branches, primarily in financial centers in the United States and the United Kingdom. It is on the list of largest banks in the United States by assets. As of December 31, 2023, it had $8.5 trillion in client assets, 34.8 million active brokerage accounts, 5.2 million corporate retirement plan participants, and 1.8 million banking accounts. It also offers a donor advised fund for clients seeking to donate securities. It was founded in San Francisco, California, and is headquartered in Westlake, Texas.

<span class="mw-page-title-main">Piper Sandler Companies</span> American financial services company

Piper Sandler Companies is an American multinational investment bank and financial services company, focused on mergers and acquisitions, financial restructuring, public offerings, public finance, institutional brokerage, investment management and securities research. Through its principal subsidiary, Piper Sandler & Co., the company targets corporations, institutional investors, and public entities.

PaineWebber & Co. was an American investment bank and stock brokerage firm that was acquired by the Swiss bank UBS in 2000. The company was founded in 1880 in Boston, Massachusetts, by William A. Paine and Wallace G. Webber. Operating with two employees, they leased premises at 48 Congress Street in May 1881. The company was renamed Paine, Webber & Co. when Charles Hamilton Paine became a partner. Members of the Boston Stock Exchange, in 1890 the company acquired a seat on the New York Stock Exchange. Wallace G. Webber retired after the business weathered a major financial crisis of 1893.

<span class="mw-page-title-main">Anshu Jain</span> British businessman (1963–2022)

Anshuman Jain was an Indian-born British business executive. From 2017 to 2022, he was the president of the American financial services firm Cantor Fitzgerald.

<span class="mw-page-title-main">B. Gerald Cantor</span> American businessman

Bernard Gerald Cantor was the founder and chairman of securities firm Cantor Fitzgerald.

Telerate was a US company providing financial data to market participants, specialising in commercial paper and bond prices. It was a pioneer in the electronic distribution of real-time market information in the 1970s. With its main innovation being to extend the technology that was used to obtain live stock prices, via Telequote, Quotron or Stockmaster to other sectors of the financial industry, such as corporate debt, currencies, interest rates and commodities.

<span class="mw-page-title-main">Canaccord Genuity</span> Canadian financial company

Canaccord Genuity Group Inc. is an investment banking and financial services company that specializes in wealth management and brokerage in capital markets. It is the largest independent investment dealer in Canada. The firm focuses on growth companies, with operations in 10 countries. Canaccord Genuity, the international capital markets division, is based in Canada, with offices in the US, the UK, France, Germany, Ireland, Hong Kong, China, Singapore, Dubai, Australia, Barbados, and The Bahamas.

John Adams Morgan is an American sailor, Olympic champion and the founder of Morgan Joseph. His father, Henry Sturgis Morgan, was the co-founder of Morgan Stanley and his great-grandfather was J. P. Morgan, founder of J.P. Morgan & Co.

<span class="mw-page-title-main">Shearson</span> Series of investment banking and retail brokerage firms

Shearson was the name of a series of investment banking and retail brokerage firms from 1902 until 1994, named for Edward Shearson and the firm he founded, Shearson Hammill & Co. Among Shearson's most notable incarnations were Shearson / American Express, Shearson Lehman / American Express, Shearson Lehman Brothers, Shearson Lehman Hutton and finally Smith Barney Shearson.

Newmark Group Inc. is a commercial real estate advisory and services firm headquartered in New York City. It operates as Newmark, and is listed on the NASDAQ Global Select Market under the symbol "NMRK".

Marcus & Millichap, Inc. is an American company that provides real estate brokerage, mortgage brokerage, research, and advisory services in the U.S. and Canada in the field of commercial property. It popularized the practice of listing properties exclusively with one brokerage firm. The company has over 1,700 employees in more than 80 offices across the U.S. and Canada.

GFI Group Inc. (GFI) is a financial services company that through its subsidiaries provides brokerage services, trade execution, market data, trading platforms and other software products. Clients are institutional customers in markets for a range of fixed income, financial, equity and commodity instruments. GFI is headquartered in New York City and operates from New York, London, Paris, Tokyo, Hong Kong, Singapore and 15 other smaller financial centres such as Dublin, Nyon, Bogotá and Tel Aviv.

FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker for trading on the foreign exchange market. FXCM allows people to speculate on the foreign exchange market and provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil. It is based in London.

John Thomas Financial was a privately held financial services firm located in the Financial District of New York City. It closed in July 2013 after its founder, Anastasios "Thomas" Belesis was sued by the Securities and Exchange Commission for deceiving investors.

Livingston International is a North American provider of customs brokerage services. Livingston International provides customs brokerage, trade consulting and international freight forwarding services to importers and exporters throughout North America and around the globe. Headquartered in Toronto, Ontario, Canada, with U.S. headquarters in Chicago, Livingston has over 3,300 employees located at more than 125 border points, seaports, airports and other locations across in North America, Europe and Asia. Livingston is currently Canada's largest customs broker and third-largest in the United States.

<span class="mw-page-title-main">Howard Lutnick</span> American billionaire businessman (born 1961)

Howard William Lutnick is an American billionaire businessman, who succeeded Bernard Gerald Cantor as the head of Cantor Fitzgerald. Lutnick is the chairman and CEO of Cantor Fitzgerald and BGC Partners. After losing 658 employees, including his brother, in the September 11 attacks, Lutnick survived the collapse of towers on the ground, and has become known for his charity efforts through the Cantor Fitzgerald Relief Fund, which helps to aid families of the attacks and natural disasters.

Lee M. Amaitis is an American businessman and philanthropist. He is the former chairman and chief executive officer of BGC Partners in London. He also served as the founder, president and chief executive officer of Cantor Gaming, a former gambling subsidiary based in Las Vegas, Nevada.

References

  1. 1 2 3 4 5 Archived copy (PDF) (Report). Archived from the original (PDF) on 2022-06-22. Retrieved 2017-11-28.{{cite report}}: CS1 maint: archived copy as title (link)
  2. ↑ "BGC Partners". Fortune. Archived from the original on 2019-02-20. Retrieved 2019-02-19.
  3. ↑ Edward Helmore (July 13, 1996), Obituary: Gerald Cantor Archived 2017-08-25 at the Wayback Machine The Independent .
  4. ↑ Bloomberg: Howard Lutnick Bio
  5. 1 2 Craig, Susanne. "The Survivor Who Saw the Future for Cantor Fitzgerald". DealBook. The New York Times.
  6. ↑ Kulkarni, Sangeeta. "Cantor Fitzgerald to set up backoffice operations". The Economic Times. Bennett, Coleman & Co. Ltd. Archived from the original on 2013-11-05. Retrieved 5 June 2013.
  7. ↑ "AGREEMENT AND PLAN OF MERGER". www.sec.gov. Archived from the original on 2017-07-08. Retrieved 2018-12-06.
  8. ↑ "COMPANY NEWS; BGC TO BUY MAXCOR, A RIVAL BROKERAGE FIRM". The New York Times. 5 April 2005. Retrieved 13 May 2013.
  9. ↑ "BGC Partners Hold First Annual Charity Day". BusinessWire. Retrieved 13 May 2013.
  10. ↑ "SKYLYNX COMMUNICATIONS INC (Form: 8-K, Received: 10/02/2006 16:15:49)". www.nasdaq.com. Archived from the original on 2018-12-06. Retrieved 2018-12-06.
  11. ↑ "BGC Opens New Office In Istanbul, Turkey - Rapid Global Expansion With Addition In Continental Europe". MondoVisione. Archived from the original on 8 June 2013. Retrieved 13 May 2013.
  12. ↑ "A Story of Rebuilding" (PDF). Leaders Magazine. 34 (4): 45–46. Oct–Dec 2001. Archived (PDF) from the original on 2012-05-22. Retrieved 2013-05-13.
  13. ↑ "Archived copy". Archived from the original on 2012-12-14. Retrieved 2013-05-07.{{cite web}}: CS1 maint: archived copy as title (link)
  14. ↑ "BGC Partners Wins Asia Risk Award for Technology Development". Bloomberg. Retrieved 13 May 2013.
  15. ↑ "FSA decides to ban BGC senior executive Anthony Verrier". Financial Services Authority. 16 May 2012. Archived from the original on 24 June 2012. Retrieved 14 July 2012.
  16. ↑ Schapiro, Rich (3 May 2012). "Cantor Fitzgerald VP was boss from hell, secretary says in suit". New York Daily News. Archived from the original on 7 May 2012. Retrieved 13 May 2013.
  17. ↑ DeCambre, Mark (6 October 2012). "Cantor, Moody's dogfight". New York Post. Archived from the original on 21 June 2013. Retrieved 5 December 2012.
  18. ↑ Staff, Investopedia. "Ba2/BB". Investopedia. Archived from the original on 2018-12-06. Retrieved 2018-12-06.
  19. ↑ Faux, Zeke (4 December 2012). "Cantor Fitzgerald Credit Rating Cut to Near Junk by S&P". Bloomberg. Archived from the original on 2014-03-14. Retrieved 2017-03-05.
  20. ↑ Faux, Zeke (8 January 2013). "Cantor May Face Another Ratings Cut as Fitch Cites Slump". Bloomberg. Archived from the original on 2013-11-10. Retrieved 2017-03-05.
  21. ↑ Faux, Zeke (10 January 2013). "Cantor Growth Plan Sputters as 41% of Touted Hires Exit". Bloomberg. Archived from the original on 2014-03-12. Retrieved 2017-03-05.
  22. ↑ Jacob Bunge; Kristin Jones (2 April 2013). "Nasdaq to buy eSpeed for up to $1.23 billion". Market Watch. The Wall Street Journal. Archived from the original on 9 May 2013. Retrieved 13 May 2013.
  23. ↑ Faux, Zeke (2 April 2013). "BGC Partners Jumps as Lutnick Sells ESpeed Unit". Bloomberg. Archived from the original on 6 April 2013. Retrieved 13 May 2013.
  24. ↑ Whiteman, Lou (2 April 2013). "Nasdaq buys eSpeed from BGC Partners". The Deal Pipeline. Archived from the original on 23 April 2013. Retrieved 13 May 2013.
  25. ↑ "BGC Partners launches swap execution facility". HedgeWeek. GFM Ltd. 2 October 2013. Archived from the original on 9 November 2013. Retrieved 8 November 2013.
  26. ↑ "BGC launches SEF". Automated Trader. Automated Trader Ltd. Retrieved 8 November 2013.
  27. 1 2 3 4 5 "MANAGEMENT TEAM". BGC Partners. Archived from the original on 29 April 2013. Retrieved 21 May 2013.
  28. 1 2 "Ed Broking Group To Be Acquired by BGC Partners". Junge & Co. Versicherungsmakler GmbH. 2018-10-29. Archived from the original on 2021-01-19. Retrieved 2021-02-08.
  29. ↑ "BGC Partners to Acquire Ed Broking Group Limited, a Leading Lloyd's of London Insurance Broker". ir.bgcpartners.com. Archived from the original on 2019-04-03. Retrieved 2021-02-08.
  30. ↑ "BGC Partners To Acquire Besso Insurance Group". ir.bgcpartners.com. Archived from the original on 2022-03-24. Retrieved 2021-02-08.
  31. ↑ Mehta, Nina (October 2009). "Aqua Looks to Make Mark in Crossing". Traders Magazine. Archived from the original on 2013-06-08. Retrieved 2013-05-13.
  32. 1 2 3 4 5 "List of Subsidiaries of BGC Partners, Inc". www.sec.gov. Archived from the original on 2015-02-23. Retrieved 2021-02-08.
  33. ↑ "Company Overview of Aurel BGC SASU". Bloomberg Businessweek. Archived from the original on June 28, 2013. Retrieved 13 May 2013.
  34. ↑ "BGC Partners Finalizes Acquisition of Liquidez". Reuters. 17 June 2009. Archived from the original on 12 February 2011. Retrieved 13 May 2013.
  35. ↑ "BGC Partners Inc (BGCP.O)". Reuters. Archived from the original on 2016-03-04. Retrieved 2017-06-30.
  36. ↑ Detrixhe, John (19 August 2010). "BGC Partners Adds More Than 100 Brokers With Purchase of Mint Businesses". Bloomberg. Archived from the original on 10 June 2013. Retrieved 13 May 2013.
  37. ↑ Rusli, Evelyn M. (28 April 2011). "BGC Partners Buys Newmark". The New York Times. Archived from the original on 29 April 2013. Retrieved 13 May 2013.
  38. ↑ Roose, Kevin (21 February 2012). "Grubb & Ellis Files for Bankruptcy and Agrees to Sell Assets to BGC". The New York Times. Archived from the original on 29 May 2013. Retrieved 13 May 2013.
  39. ↑ "Company Overview of BGC Radix Energy L.P." Bloomberg Businessweek. Archived from the original on June 28, 2013.
  40. ↑ Armstrong, Mike (2 January 2013). "BGC Partners acquires Philadelphia's Smith Mack brokerage". Philadelphia Inquirer. Interstate General Media, LLC. Archived from the original on 8 March 2013. Retrieved 13 May 2013.
  41. ↑ Davidson, Michael (2 January 2013). "BGC Partners acquires Frederick Ross Co". Boulder County Business Report. Archived from the original on 18 June 2013. Retrieved 13 May 2013.
  42. ↑ Steinert-Threlkeld, Tom (25 February 2013). "FX: BGC Acquires London Currency Broker". Traders Magazine Online. Archived from the original on 15 June 2013. Retrieved 13 May 2013.
  43. ↑ Armstrong, Ashley (2015-02-20). "BGC claims victory in hard-fought GFI takeover battle". Daily Telegraph. ISSN   0307-1235. Archived from the original on 2018-01-28. Retrieved 2018-01-27.
  44. ↑ "BGC Partners Completes Acquisition of Ed Broking Group Limited". BGC Partners. 2019-02-01. Archived from the original on 2021-02-14. Retrieved 2021-02-08.
  45. ↑ MCGREGOR, KATE. "Cantor's BGC Hitting its Stride in Full Voice". Institutional Investor. Institutional Investor LLC. Archived from the original on 4 March 2016. Retrieved 5 June 2013.
  46. ↑ "BGC raises over $8M". Philanthropy Journal. Institute for Nonprofits at NC State University. Archived from the original on 14 June 2013. Retrieved 31 May 2013.
  47. 1 2 "Charity Day attracts Lady Gaga, Donald Trump and kids from Hoboken". NJ.com. New Jersey On-Line LLC. 28 August 2009. Archived from the original on 17 June 2013. Retrieved 31 May 2013.
  48. ↑ "BGC Partners giving $10 million". Philanthropy Journal. Institute for Nonprofits at NC State University. Archived from the original on 19 June 2010. Retrieved 31 May 2013.
  49. ↑ "Sept. 15: Walmart, Piper, Prudential, and more". Philanthropy Journal. Institute for Nonprofits at NC State University. Archived from the original on 14 June 2013. Retrieved 31 May 2013.
  50. ↑ "'Sopranos' stars, Hilary Duff lend a hand at BGC Charity Day". Los Angeles Times. 14 September 2010. Archived from the original on 5 November 2013. Retrieved 31 May 2013.
  51. ↑ D'Zurilla, Christie (13 September 2010). "Billy Crudup as Timothy Geithner — 'Eat Pray TARP'?". Ministry of Gossip. Los Angeles Times. Archived from the original on 22 June 2013. Retrieved 18 June 2013.
  52. ↑ "Cantor Fitzgerald and BGC Partners Globally Raised Approximately $12 Million on Charity Day to Commemorate the 10th Anniversary". Bloomberg. Bloomberg L.P. Archived from the original on 30 December 2013. Retrieved 31 May 2013.
  53. ↑ "Eli Manning Hangs with Bill Clinton at Cantor Fitzgerald Charity Day". TerezOwens.com. 16 September 2011. Archived from the original on 30 December 2013. Retrieved 18 June 2013.
  54. ↑ "Russell Simmons And Friends Make Big Money Deals At The BGC Partners Inc Charity (PHOTOS)". The Decider. Global Grind. 12 September 2011. Archived from the original on 22 June 2013. Retrieved 18 June 2013.
  55. ↑ "BGC Partners And Cantor Fitzgerald Raise Approximately $12 Million On Their September 11, 2012 Charity Day". Marketplace The Numbers. American Public Media. Archived from the original on 22 June 2022. Retrieved 31 May 2013.
  56. ↑ "Annual Charity Day Hosted By Cantor Fitzgerald and BGC". Archived from the original on 28 August 2012. Retrieved 18 June 2013.
  57. ↑ Heyman, Marshall (12 September 2012). "Dialing for Dollars on Wall Street". NY Culture. Dow Jones & Company, Inc. Archived from the original on 14 March 2016. Retrieved 18 June 2013.
  58. ↑ "Jets Are 'Trading Partners' in NYC on 9/11". New York Jets. Archived from the original on 29 June 2013. Retrieved 18 June 2013.
  59. ↑ "BGC Partners And Cantor Fitzgerald Raise Approximately $12 Million On Their September 11, 2013 Charity Day". Yahoo! Finance. Archived from the original on 9 November 2013. Retrieved 8 November 2013.
  60. ↑ Billard, Mary (18 September 2013). "Zachary Quinto: A Playwright's Home, an Actor's Muse". The New York Times. Archived from the original on 5 June 2015. Retrieved 8 November 2013.
  61. ↑ Buzz Bissinger (June 1, 2015). "Introducing Caitlyn Jenner". Vanity Fair. Archived from the original on June 13, 2015. Retrieved June 1, 2015.
  62. 1 2 3 4 "NYC FIRM THAT LOST 658 ON 9/11 HOLDS CHARITY DAY". AP Newswire. Associated Press. Archived from the original on 9 November 2013. Retrieved 8 November 2013.
  63. ↑ Stock, Kyle (11 September 2013). "Cantor Fitzgerald Continues to Give It All Away on 9/11". BloomberyBusinessweek. Bloomberg L.{. Archived from the original on September 12, 2013. Retrieved 8 November 2013.
  64. ↑ McCarthy, Jamie. "Annual Charity Day Hosted by Cantor Fitzgerald and BGC". Getty Images. Yahoo!. Retrieved 8 November 2013.
  65. ↑ "KIDD TEASES BUT MELO SERIOUS: NO FREE AGENT TALK". Associated Press. Archived from the original on 9 November 2013. Retrieved 8 November 2013.
  66. ↑ "BGC Partners And Cantor Fitzgerald Raise Approximately $12 Million On BGC's Tenth Annual Charity Day". Yahoo! Finance. Retrieved 4 August 2017.
  67. 1 2 Inc, BGC Partners. "Charity Day Virtual & Unstoppable For BGC Partners & Cantor Fitzgerald". www.prnewswire.com. Retrieved 2023-03-29.{{cite web}}: |last= has generic name (help)
  68. ↑ L.P, Cantor Fitzgerald. "Cantor Fitzgerald and BGC Partners' Charity Day 2021: Never Forget by Giving Back". www.prnewswire.com. Retrieved 2023-03-29.
  69. ↑ "Charity Day 2019". The Cantor Fitzgerald Relief Fund. Retrieved 2023-03-29.
  70. ↑ "Cantor Fitzgerald gives $10M to victims". Bloomberg News. CRAIN COMMUNICATIONS INC. 25 March 2013. Archived from the original on 13 July 2013. Retrieved 25 June 2013.
  71. ↑ "Cantor Fitzgerald Relief Fund Donates $10 Million to Sandy Relief". Philanthropy News Digest. Foundation Center. Archived from the original on 17 January 2013. Retrieved 25 June 2013.
  72. ↑ Goldberg, Eleanor (2013-01-15). "Cantor Fitzgerald Slacks On 9/11 Pledge, But Promises $10 Million To Sandy Relief". Huffington Post. Archived from the original on 2016-05-26. Retrieved 2018-12-06.
  73. ↑ "BGC Partners Sponsor The Masters". World Snooker. January 12, 2012. Archived from the original on January 15, 2012.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.