Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

2788

BGC Partners completes acquisition of Liquidez

RELATED TOPICS​

BGC Partners, an inter-dealer broker of financial instruments, has completed its acquisition of Liquidez DTVM, a Brazilian inter-dealer broker of foreign exchange derivatives, commoditi

BGC Partners, an inter-dealer broker of financial instruments, has completed its acquisition of Liquidez DTVM, a Brazilian inter-dealer broker of foreign exchange derivatives, commodities, credit, equities and interest rate products.

The deal marks a step for BGC Partners in its goal to further increase its presence in Latin America. Brazil is the largest market in the region and continues to grow despite challenging conditions in the global financial markets, achieving over five per cent per capita GDP growth in 2008, according to the IMF.

Lee Amaitis, vice chairman of BGC Partners, says: ‘We are very pleased to have finalized this deal with Liquidez. Liquidez has a long and impressive track record in Brazil and a highly professional team of brokers. Latin America is a key area of growth for BGC and Brazil is a particularly attractive market for us, given its continued growth and strong fundamentals. The Brazilian financial markets are also among the most broadly and cautiously regulated in the world. The acquisition of Liquidez gives us a significant platform for future growth in the region.’

Arnaldo Cezar Coelho, president and chief executive of Liquidez, adds: ‘BGC’s global reach and sophisticated proprietary technology opens up tremendous opportunities for our Brazilian clients, giving them access to BGC’s extensive range of products and significant liquidity. BGC’s global customers will also now have access to local products on the Brazilian Exchange, increasing business for the Brazilian markets.’

Latest News

The trading and investment platform eToro has extended its proxy voting feature to all stocks..
C8 Technologies, the London-based fintech founded by former BlueCrest Capital Management partners Mattias Eriksson and..
DWS has announced the latest development in its strategic growth push in Alternative Credit with..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by