BGC Partners, Inc. (BGCP) in New York City operates as a financial brokerage and technology company. It offers various brokerage products, including government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives, equity derivatives and cash equities, energy and commodities, shipping, insurance, and futures and options. The company also provides trade execution, brokerage, clearing, trade compression, post-trade, information, consulting, and other back-office services to financial and non-financial institutions.
BGCP’s revenue and earnings in its last reported quarter came in below analyst estimates. Furthermore, the company failed to surpass earnings estimates in the trailing four quarters. However, as BGCP scales up its technology-driven marketplace named Fenics Markets Xchange (FMX) and expands Lucera across cryptocurrency platforms, its revenues and earnings are expected to improve in the coming months.
