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BGC Partners’ Sunrise Executes First Block Commerce of Micro Bitcoin Choices from CME Group


NEW YORK, April 7, 2022 /PRNewswire/ — BGC Partners, Inc. (Nasdaq: BGCP) (“BGC”), a number one international brokerage and monetary know-how firm, is worked up to announce that BGC Financial L.P. has executed the primary ever block commerce of Micro Bitcoin choices supplied by CME Group by way of its Sunrise model.

This transaction introduced collectively two main market contributors within the cryptocurrency house. Since 1Q 2022, BGC has been lively in a number of segments of the digital market, efficiently arranging transactions in choices on a number of listed ETFs, choices on CME Group listed Bitcoin futures, and choices on CME Group listed Micro Bitcoin futures.

BGC is actively engaged with the digital neighborhood to make sure it stays the trusted associate of selection on this quickly evolving asset class. BGC’s Lucera platform continues to broaden its digital providing by constructing connections to digital custodians and offering connectivity to quite a lot of digital execution amenities. In addition, BGC’s Fenics and Aurel manufacturers anticipate providing absolutely digital entry to digital spot and choices merchandise by the top of this yr. Finally, in anticipation of an lively OTC wholesale cryptocurrency market, BGC is establishing voice and hybrid OTC brokerage desks in main monetary facilities to facilitate the anticipated development on this sector.

John Abularrage, who lately joined BGC as Co-Global Head of Brokerage, CEO of the Americas, commented on at this time’s announcement, “This trade marries our best-in-class technology, infrastructure, regulatory discipline, and global reach. It is consistent with our 4Q 2021 earnings announcement of BGC’s intention to enter the digital asset universe. This trade not only signifies an important step in the evolution of a marketplace searching for a regulated crypto space – it signifies BGC in America is back.”

JP Aubin, BGC’s Co-Global Head of Brokerage, Head of Listed Products, added, “As a global leader in listed products, this trade further facilitates BGC’s market expansion and innovation. We continue to explore how we can best serve our clients and provide them with up-to-date solutions. With this trade, we are building the bridge between traditional institutions and crypto-native customers.”

Tim McCourt, CME Group Global Head of Equity and FX Products, stated, “After just one week, we are encouraged by the activity we are seeing with these Micro-sized options, and are pleased with the liquidity and early support we’re seeing from Sunrise and others early on. Building on the strength and liquidity of the underlying contracts, our Micro-sized options enable traders of all sizes to efficiently hedge market-moving events with greater precision and flexibility or fine-tune their cryptocurrency market exposure.”

About BGC Partners, Inc.

BGC Partners, Inc. (“BGC”) is a number one international brokerage and monetary know-how firm. BGC, by way of its varied associates, specializes within the brokerage of a broad vary of merchandise, together with Fixed Income (Rates and Credit), Foreign Exchange, Equities, Energy and Commodities, Shipping, and Futures. BGC, by way of its varied associates, additionally supplies all kinds of companies, together with commerce execution, brokerage, clearing, commerce compression, post-trade, info, and different back-office companies to a broad vary of economic and non-financial establishments. Through its manufacturers, together with FMX™, Fenics®, Fenics Market Data™, Fenics GO™, BGC®, BGC Trader™, Capitalab®, and Lucera®, BGC gives monetary know-how options, market information, and analytics associated to quite a few monetary devices and markets. BGC, BGC Trader, GFI, Fenics, FMX, Fenics Market Data, Capitalab, and Lucera are logos/service marks and/or registered logos/service marks of BGC and/or its associates.

BGC’s prospects embrace lots of the world’s largest banks, broker-dealers, funding banks, buying and selling corporations, hedge funds, governments, firms, and funding corporations. BGC’s Class A typical inventory trades on the Nasdaq Global Select Market underneath the ticker image “BGCP”. BGC is led by Chairman of the Board and Chief Executive Officer Howard W. Lutnick. For extra info, please go to http://www.bgcpartners.com. You also can comply with BGC at https://twitter.com/bgcpartners, https://www.linkedin.com/company/bgc-partners and/or http://ir.bgcpartners.com/Investors/default.aspx.

Discussion of Forward-Looking Statements about BGC

Statements on this doc concerning BGC that aren’t historic info are “forward-looking statements” that contain dangers and uncertainties, which may trigger precise outcomes to vary from these contained within the forward-looking statements. These embrace statements in regards to the results of the COVID-19 pandemic on the Company’s enterprise, outcomes, monetary place, liquidity and outlook, which can represent forward-looking statements and are topic to the chance that the precise affect could differ, presumably materially, from what’s at the moment anticipated. Except as required by regulation, BGC undertakes no obligation to replace any forward-looking statements. For a dialogue of extra dangers and uncertainties, which may trigger precise outcomes to vary from these contained within the forward-looking statements, see BGC’s Securities and Exchange Commission filings, together with, however not restricted to, the chance elements and Special Note on Forward-Looking Information set forth in these filings and any updates to such danger elements and Special Note on Forward-Looking Information contained in subsequent experiences on Form 10-Ok, Form 10-Q or Form 8-Ok.

Media Contact:
Karen Laureano-Rikardsen
+1 212-829-4975

Investor Contact:
Jason Chryssicas
+1 212-610-2426 

SOURCE BGC Partners, Inc.


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