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- TENTH ANNUAL CHARITY DAY - BGC Group, Inc.
Every year, BGC Partners and our afiliate Cantor Fitzgerald, in conjunction with the Cantor Fitzgerald Relief Fund, strive to turn a tragic day into one that is positive and uplifting by distributing 100% of our global revenues on Charity Day to the Cantor Fitzgerald Relief Fund and dozens of charities around the world The Cantor Fitzgerald Relief Fund, initially created to assist families of
- BGC Annual Report 2017
BGC Annual Report 2017• In 2017, FENICS Pro won the Best Vendor for FXO Pricing Risk Management Award from FX Magazine; • BGC and GFI were jointly named Equity Derivatives Interdealer Broker of the Year by GlobalCapital in their 2016 Global Derivatives Awards; • BGC and GFI were jointly named Credit Derivatives Interdealer Broker of the Year by GlobalCapital in their 2016 Global
- BGC Annual Report 2017
BGC Annual Report 2017ITEM 7 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion of BGC Partners, Inc ’s financial condition and results of operations should be read together with BGC Partners, Inc ’s consolidated financial statements and notes to those statements, as well as the cautionary statements relating to forward-looking
- BGC Annual Report 2017
BGC Annual Report 2017Company’s stockholders approved the Company’s Second Amended and Restated Incentive Bonus Compensation Plan (the “Incentive Plan”) to approve the material terms of the performance goals under the Incentive Plan for compliance with Section 162 (m) of the Internal Revenue Code of 1986, as amended, including an amendment to those performance goals in order to broaden
- BGC Annual Report 2017
BGC Annual Report 2017The New Lynn Deed provides for substantially similar terms to the amended and restated deed of adherence to the limited liability partnership agreement (the “LLP Agreement”) of the U K Partnership entered into by Mr Lynn effective as of January 7, 2013 (as then amended and restated, the “Old Lynn Deed”), except that (i) the 52-week rolling notice period has been
- BGC Annual Report 2017
BGC Annual Report 2017Calculations of Pre-Tax and Post-Tax Adjusted Earnings per Common Share BGC’s Adjusted Earnings per common share calculations assume either that: The fully diluted share count includes the shares related to any dilutive instruments, but excludes the associated expense, net of tax, when the impact would be dilutive; or The fully diluted share count excludes the shares
- BGC Annual Report 2017
BGC Annual Report 2017In addition, the Company’s Swap Execution Facilities (“SEFs”), BGC Derivative Markets and GFI Swaps Exchange, are required to maintain financial resources to cover operating costs for at least one year, keeping at least enough cash or highly liquid securities to cover six months’ operating costs The regulatory requirements referred to above may restrict the
- BGC Annual Report 2017
BGC Annual Report 2017If we fail to continue to qualify as a SEF under any of these conditions, we may be unable to maintain our position as a provider of execution and brokerage services in the markets for many of the OTC products for which we have traditionally acted as an intermediary This would have a broad impact on us and could have a material adverse effect on our businesses, financial
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