BGC posts loss but Fenics boosts revenues

Software trading fotolia
By GlobalCapital
24 Oct 2019

BGC Partners has reported a third-quarter loss amid rising expenses, higher investment and currency headwinds.

The New York-based brokerage and trade services group posted a $3.5m loss for the third quarter, versus profits of $44.7m for the year-ago period. BGC flagged foreign currency headwinds given a strengthening US dollar and a sharp rise in costs. The results also excluded its former real estate ...

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