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Slide #91. BGC Partners, Inc. — Smith Mack
BGC Partners, Inc. (NASDAQ:BGCP)
BGC Partners, Inc., a leading global brokerage company primarily servicing the wholesale financial and real estate markets, has acquired Smith Mack, a prominent commercial real estate services company in Philadelphia, Pa., and the surrounding region. The acquisition of Smith Mack, a partner of Newmark Grubb Knight Frank (NGKF) since 2009, enhances NGKF's dominance in the region. Financial details of the transaction were not disclosed.
BGC Partners is a holding company. Through its subsidiaries, Co. is a brokerage and financial technology company. Through brands including BGC®, GFI®, Sunrise, Besso, Ed Broking®, Poten & Partners and RP Martin, among others, Co. engages in the brokerage of a range of products, including fixed income such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives. Co. also provides broker products across foreign exchange, equities, energy and commodities, insurance, and futures. Co. also provides a variety of services, including trade execution, clearing, post-trade, information, and other back-office services.
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Buy (3.00 out of 4)