BGC Partners

Miami International Holdings Announces Troy Kane Joins Executive Management Team as President of MGEX

Retrieved on: 
Tuesday, April 9, 2024
Citadel, MIH, BGC Partners, Minneapolis Grain Exchange, Grain, Growth, DePaul University, Finance, Citadel Securities, CME Group, Chicago Mercantile Exchange, FICC, Chicago Board of Trade, Roosevelt University, CME, MGEX, OTC, Commerce, Management

Mark Bagan will continue as CEO of MGEX during a transition period after which time he is expected to continue with MGEX as Executive Vice Chairman of the Board.

Key Points: 
  • Mark Bagan will continue as CEO of MGEX during a transition period after which time he is expected to continue with MGEX as Executive Vice Chairman of the Board.
  • "Troy brings a wealth of experience and expertise to his new role as the President of MGEX and CEO of MIAX Futures, and we are excited to welcome him to the MIH executive management team," said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH.
  • Mr. Kane began his career as a floor clerk at Kane Trading in the grain and oilseed pits at Chicago Board of Trade.
  • Mr. Kane earned a bachelor's degree in commerce from DePaul University and a master's degree in business administration from Roosevelt University.

Miami International Holdings Announces Troy Kane Joins Executive Management Team as President of MGEX

Retrieved on: 
Tuesday, April 9, 2024
Citadel, MIH, BGC Partners, Minneapolis Grain Exchange, Grain, Growth, DePaul University, Finance, Citadel Securities, CME Group, Chicago Mercantile Exchange, FICC, Chicago Board of Trade, Roosevelt University, CME, MGEX, OTC, Commerce, Management

Mark Bagan will continue as CEO of MGEX during a transition period after which time he is expected to continue with MGEX as Executive Vice Chairman of the Board.

Key Points: 
  • Mark Bagan will continue as CEO of MGEX during a transition period after which time he is expected to continue with MGEX as Executive Vice Chairman of the Board.
  • "Troy brings a wealth of experience and expertise to his new role as the President of MGEX and CEO of MIAX Futures, and we are excited to welcome him to the MIH executive management team," said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH.
  • Mr. Kane began his career as a floor clerk at Kane Trading in the grain and oilseed pits at Chicago Board of Trade.
  • Mr. Kane earned a bachelor's degree in commerce from DePaul University and a master's degree in business administration from Roosevelt University.

Algbra Announces New World Group’s Adam Sadiq to its Board of Directors

Retrieved on: 
Thursday, December 14, 2023
Software, Networks, Finance, Environmental, Social and Governance (ESG), Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, State Street Global Advisors, Sharia, Entrepreneurship, Executive Committee, Multimedia, Rural Business Investment Program, BGC Partners, NWG, Growth, Western Asset Management Company, ESG, Cryptocurrency, Algebra

Algbra, the UK FCA licensed fintech and global digital financial infrastructure company that offers its full-stack proprietary technology internationally as a Fintech as a Service (‘FaaS’) solution and operates an ESG-focused and Sharia-compliant B2C platform, has announced the appointment of Adam Sadiq onto its Board of Directors.

Key Points: 
  • Algbra, the UK FCA licensed fintech and global digital financial infrastructure company that offers its full-stack proprietary technology internationally as a Fintech as a Service (‘FaaS’) solution and operates an ESG-focused and Sharia-compliant B2C platform, has announced the appointment of Adam Sadiq onto its Board of Directors.
  • Algbra also benefits from Adam’s extensive background in financial services including Société Générale, Western Asset (now Franklin Templeton), State Street Global Advisors and BGC Partners.
  • Commenting on his appointment, NWG CEO Adam Sadiq said: "I’m excited to be joining Algbra’s Board at this exciting time in the company’s journey.
  • The company will benefit tremendously from Adam’s deep experience working with institutions and investors, particularly across our future target markets and jurisdictions”.

BGC Group, Inc. Announces Final Results in Exchange Offers and Consent Solicitations

Retrieved on: 
Thursday, October 5, 2023
BGC Partners, Old, Debt-to-GDP ratio, Letter, Proposed 2019 amendment to the Constitution of Malaysia, Registration statement, Note, Risk, Letter of transmittal, BGC, SEC filing, National Association, Form, Computershare, Money transmitter, Prospectus, Old Basing, Broker's call, Register, Wells Fargo, Security (finance), Property management, News & Notes

In connection with the closing of the exchange offers, BGC Group intends to assume BGC Partners' credit facilities.

Key Points: 
  • In connection with the closing of the exchange offers, BGC Group intends to assume BGC Partners' credit facilities.
  • BGC Group also intends to be the issuer and obligor on future debt issuances and credit arrangements, rather than BGC Partners.
  • The exchange offers and consent solicitations were made solely pursuant to the terms and conditions of the Prospectus, the Letter of Transmittal and the other related materials.
  • The exchange offers and consent solicitations were not made in any state or jurisdiction in which such offers would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

BGC Group, Inc. Announces Final Results in Exchange Offers and Consent Solicitations

Retrieved on: 
Thursday, October 5, 2023
BGC Partners, Old, Debt-to-GDP ratio, Letter, Proposed 2019 amendment to the Constitution of Malaysia, Registration statement, Note, Risk, Letter of transmittal, BGC, SEC filing, National Association, Form, Computershare, Money transmitter, Prospectus, Old Basing, Broker's call, Register, Wells Fargo, Security (finance), Property management, News & Notes

In connection with the closing of the exchange offers, BGC Group intends to assume BGC Partners' credit facilities.

Key Points: 
  • In connection with the closing of the exchange offers, BGC Group intends to assume BGC Partners' credit facilities.
  • BGC Group also intends to be the issuer and obligor on future debt issuances and credit arrangements, rather than BGC Partners.
  • The exchange offers and consent solicitations were made solely pursuant to the terms and conditions of the Prospectus, the Letter of Transmittal and the other related materials.
  • The exchange offers and consent solicitations were not made in any state or jurisdiction in which such offers would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Clear Street Appoints Steve Bisgay as Chief Financial Officer

Retrieved on: 
Tuesday, October 3, 2023
Finance, Business, Banking, Professional Services, Asset Management, Morgan Stanley, Cantor Fitzgerald, Knight Capital Group, PwC, BGC Partners, CCO, Bank of America, FINRA, CFO, Bressler, KCG Holdings, Growth, Bank, McCarthy, ED, Barclays, Management

Clear Street (“Clear Street,” “the Company”), a New York-based independent prime broker, today announced the appointment of Steve Bisgay as Chief Financial Officer (“CFO”), effective immediately.

Key Points: 
  • Clear Street (“Clear Street,” “the Company”), a New York-based independent prime broker, today announced the appointment of Steve Bisgay as Chief Financial Officer (“CFO”), effective immediately.
  • “Clear Street is uniquely positioned to provide our broad range of clients with technology-driven solutions that can enhance their business goals,” said Bisgay.
  • In June, Clear Street hired 30-year Bank of America veteran Kevin McCarthy as Chief Administrative Officer and Head of Clearing.
  • In August, ED&F Man founder and former Global CEO Christopher Smith joined Clear Street to build the Company’s futures business.

KBRA Assigns Rating to BGC Group, Inc.'s Senior Unsecured Notes Issue

Retrieved on: 
Friday, September 29, 2023
Professional Services, Finance, KBRA, BGC, Erosion, BBB, BGC Partners, Risk, Economics, Security (finance)

On September 6, 2023, BGC announced plans to exchange senior notes (“old notes”) of BGC Partners, Inc. (“BGCP”) for notes (“new notes”) to be issued by BGC.

Key Points: 
  • On September 6, 2023, BGC announced plans to exchange senior notes (“old notes”) of BGC Partners, Inc. (“BGCP”) for notes (“new notes”) to be issued by BGC.
  • KBRA believes the terms and conditions of the new notes reflect substantially similar terms to the old notes.
  • BGC remains adequately funded; unsecured debt is well laddered and has been issued at a reasonable cost.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

NFL's Willie Colon Golf Outing Drives Lupus Awareness with LRA

Retrieved on: 
Monday, July 17, 2023
Constellation, LRA, Autumn, NFL, New Orleans Saints, Constellation Brands, Lupus Research Alliance, Friends, New York Giants, Tunnel to Towers Foundation, Philadelphia Eagles, BlackRock, PNC, Chicago Bulls, Atlanta Falcons, BGC Partners, Lupus, Sono, The, New York Rangers, PNC Financial Services, NBA, Invesco, Weather, Family, Memory, Athlete, New Orleans, Disease, Capital Group Companies, Nightclub, Tunnel

SUMMIT, N.J., July 17, 2023 /PRNewswire/ -- Former Super Bowl Champion and Mad Dog Sports radio personality Willie Colon is hosting today the 9th Annual Willie Colon Golf Outing crafted by Tito's Handmade Vodka for the Lupus Research Alliance (LRA).

Key Points: 
  • SUMMIT, N.J., July 17, 2023 /PRNewswire/ -- Former Super Bowl Champion and Mad Dog Sports radio personality Willie Colon is hosting today the 9th Annual Willie Colon Golf Outing crafted by Tito's Handmade Vodka for the Lupus Research Alliance (LRA).
  • The event drives lupus awareness and tees up the opening of the Fall season of the grassroots fundraising program for the Lupus Research Alliance (LRA).
  • The anticipated $400,000 raised will support the LRA's Jean Davis Research Grant in memory of Mr. Colon's late mother Jean Davis, who had lupus.
  • "I know my mom would have been pleased to see so many friends here helping to raise awareness of lupus and funds to bring others new treatments that can transform lives," noted Mr. Colon.

BGC's Second Quarter 2023 Financial Results Announcement to Be Issued Prior to Market Open on Wednesday, August 2, 2023

Retrieved on: 
Monday, July 10, 2023
M&M's, BGC, BGC Partners, Conference call, Cryptocurrency, Conference

NEW YORK, July 10, 2023 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC"), a leading global brokerage and financial technology company, today announced the details regarding its second quarter 2023 financial results conference call. This call will take place on Wednesday, August 2, 2023, at 10:00 a.m. ET.

Key Points: 
  • ET
    NEW YORK, July 10, 2023 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC"), a leading global brokerage and financial technology company, today announced the details regarding its second quarter 2023 financial results conference call.
  • This call will take place on Wednesday, August 2, 2023, at 10:00 a.m.
  • BGC Group, Inc., formerly BGC Partners, Inc. prior to the closing of the corporate conversion on July 1, 2023, will report the second quarter 2023 financial results of BGC Partners, Inc. on Wednesday, August 2, 2023.
  • BGC plans to issue an advisory press release regarding the availability of its consolidated quarterly financial results by 8:00 a.m.

BGC's Second Quarter 2023 Financial Results Announcement to Be Issued Prior to Market Open on Wednesday, August 2, 2023

Retrieved on: 
Monday, July 10, 2023
M&M's, BGC, BGC Partners, Conference call, Cryptocurrency, Conference

NEW YORK, July 10, 2023 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC"), a leading global brokerage and financial technology company, today announced the details regarding its second quarter 2023 financial results conference call. This call will take place on Wednesday, August 2, 2023, at 10:00 a.m. ET.

Key Points: 
  • ET
    NEW YORK, July 10, 2023 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC"), a leading global brokerage and financial technology company, today announced the details regarding its second quarter 2023 financial results conference call.
  • This call will take place on Wednesday, August 2, 2023, at 10:00 a.m.
  • BGC Group, Inc., formerly BGC Partners, Inc. prior to the closing of the corporate conversion on July 1, 2023, will report the second quarter 2023 financial results of BGC Partners, Inc. on Wednesday, August 2, 2023.
  • BGC plans to issue an advisory press release regarding the availability of its consolidated quarterly financial results by 8:00 a.m.