News Centre

BGC Issues Letter To GFI Shareholders - Clarifies Tender Offer Terms, Largely In Response To GFI Board Request - BGC'S $5.25 Per Share All-Cash Offer Is Clearly Superior To The Proposed CME Transaction - Shareholders Urged To Send A Strong Message By Promptly Tendering Their Shares

Date 12/11/2014

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," or "BGC"), a leading global brokerage company primarily servicing the financial and real estate markets, today announced that it is amending the terms of its previously announced $5.25 per share all-cash tender offer to acquire all of the outstanding shares of GFI Group Inc. (NYSE: GFIG) ("GFI Group" or "GFI") it does not currently own. BGC, through its affiliate BGC Partners, L.P., currently owns approximately 13.4% of GFI's outstanding shares. 

CFTC Swaps Report Update

Date 12/11/2014

CFTC's Weekly Swaps Report has been updated, and is now available.

ISDA Publishes 2014 Resolution Stay Protocol

Date 12/11/2014

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the ISDA 2014 Resolution Stay Protocol is open for adherence. Eighteen major banks have signed it at launch. 

Trading Technologies Wins “Best Buy-Side Commodities Trading Platform” At Buy-Side Technology Awards - The Success Of MultiBroker Solution A Key Factor In The Judges’ Decision

Date 12/11/2014

Trading Technologies International, Inc. (TT), a provider of high-performance professional trading software, was named “Best Buy-Side Commodities Trading Platform” at Waters Technology’s Buy-Side Technology Awards luncheon in London last Friday. 

TABB Group Estimates Technology Total Cost Of Ownership (TCO) Per Front Office Employee Averages $461,000 Per Year - New Research Shows Human Capital Is 75% Of TCO - Recommends Comprehensive TCO Framework - Develops TCO Benchmarks Based On Staffing Categories And Usage Intensity

Date 12/11/2014

In new research published today, TABB Group says that technology total cost of ownership (TCO) across capital markets firms is estimated to average as much as $461,000 per front office employee per year.  Furthermore, TABB believes that IT executives lack a handle on what they are really spending on the tools in their technology toolkits, separate from explicit costs on invoices from their vendors. 

SEC Announces Charges Against India-Based Operators Of High-Yield Investment Scheme Using Social Media

Date 12/11/2014

The Securities and Exchange Commission today announced charges against two India-based operators of an alleged high-yield investment scheme seeking to exploit investors through pervasive social media pitches on Facebook, YouTube, and Twitter.

Comptroller Of The Currency Thomas J. Curry Discusses The Globalization Of Bank Supervision

Date 12/11/2014

Comptroller of the Currency Thomas J. Curry today discussed enhancing risk management and bank supervision in an increasing interconnected global banking environment during remarks at 25th Special Seminar on International Finance, hosted by Nikken, The Japan Financial News Company.  During his speech, the Comptroller addressed cybersecurity and international efforts to make the global financial system more resilient.

Remarks Of CFTC Chairman, Timothy G. Massad, Before The Swaps Execution Facilities Conference (SEFCON V)

Date 12/11/2014

Introduction and Background

Thank you for inviting me today, and I thank Chris for that kind introduction. I am pleased to have the opportunity to speak with you. I also want to acknowledge the work of the Wholesale Markets Brokers’ Association and its members with respect to the work of the CFTC. I appreciate your input on all of the issues before the Commission and look forward to continuing to work with you.

The Appointment Of Mr. Azar as CEO Of The Amman Stock Exchange

Date 12/11/2014

Amman Stock Exchange's Board of Directors decided on its meeting -held on Wednesday, 22/10/2014  appointing Mr. Nader Azar,  as Chief Executive Officer( CEO) of the ASE as of 29.10.2014.

OCC Fines Three Banks $950 Million For FX Trading Improprieties

Date 12/11/2014

The Office of the Comptroller of the Currency (OCC) today assessed $950 million in fines against three national banks for unsafe or unsound practices related to their foreign exchange (FX) trading businesses.