BGC Appoints Head of e-Commerce for North America.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- BGC BGC General Cable Corporation (stock symbol) BGC Billy Graham Center BGC Baptist General Conference (formerly Swedish Baptist Denomination) BGC Boys & Girls Club BGC Bubblegum Crisis , a leading inter-dealer brokerage firm providing integrated voice and electronic services to wholesale fixed income, interest rate, foreign exchange and derivatives markets worldwide, announced today that Clive England has been appointed as Director, Head of e-Commerce for BGC in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Based in New York, Mr England will be responsible for all of BGC's client services, business development and support in relation to e-commerce for North America. He will report to Philip Norton, Executive Managing Director, e-Commerce who is based at BGC's headquarters in London. Mr England has over 15 years' experience in financial markets. He joins BGC from GFI GFI Ground Fault Interrupter GFI Go For It GFI Government-Furnished Information GFI Growing Families International GFI Goodness of Fit Indices GFI Government Financial Institutions (Philippines) GFI Gross Farm Income where he worked for five years as Head of Data and Analytics, Europe. Prior to that, he was an Interest Rate Swaps Interest Rate Swap A deal between banks or companies where borrowers switch floating-rate loans for fixed rate loans in another country. These can be either the same or different currencies. and Options Broker, specialising in the German and Swiss markets. Commenting on the appointment, Philip Norton, Executive Managing Director, e-Commerce at BGC, said, "This is a new role that has been created in response to the rapid growth and development of BGC and its BGC Trader interface. The company's hybrid voice and electronic brokerage services have created a need for more expertise in delivering these services globally. Clive brings great experience to our team and will play a key role for our business in North America, overseeing the expansion of e-Commerce activities there." "The inter-dealer marketplace is consolidating and the appointment of Clive reflects the importance we attach to employing high quality personnel to meet the challenges it presents." he continued. Danny LaVecchia, Executive Managing Director, North America at BGC said "We are expanding our business in North America and Clive's appointment reflects the growing role of technology in enabling our brokers to provide the best possible service." Mr England said, "I am delighted to be joining BGC at such an exciting time in its development, particularly relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the proposed merger with eSpeed. We believe that the hybrid model of being able to offer clients voice or electronic brokerage, or a combination of the two, provides maximum flexibility for clients in meeting their needs and demands." About BGC BGC is a leading inter-dealer broker Inter-dealer Broker 1. A brokerage firm operating in the bond or OTC derivatives market that acts as an intermediary between major dealers to facilitate inter-dealer trades. 2. , providing integrated voice and electronic execution and other brokerage services to banks, brokerage houses and investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. for a broad range of global financial products including fixed income securities, foreign exchange, equity derivatives, credit derivatives, futures, structured products and other instruments. This is complemented by market data products for selected financial instruments. Named after fixed income trading innovator B. Gerald Cantor B. Gerald Cantor ( January 17 1916– July 17 1996 ) was the founder and chairman of securities firm Cantor Fitzgerald and an important philanthropist supporting the visual arts institutions in the United States. , BGC has offices in London, New York, Copenhagen, Istanbul, Milan, Nyon, Paris, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Mexico City, Toronto, Beijing (representative office). To learn more, please visit www.bgcpartners.com. About BGC Trader BGC Trader is a new multi-asset, BGC branded, integrated offering for voice and electronic execution of prices for the interbank and broker community. It supports multiple products including: * Fixed income * European corporate cash * Credit default swaps Credit Default Swap A swap designed to transfer the credit exposure of fixed income products between parties. Notes: The buyer of a credit swap receives credit protection, whereas the seller of the swap guarantees the credit worthiness of the product. * i-Traxx Rapid development will see other tradable and view only products in the BGC portfolio. Products such as interest rate swaps, emerging markets, FX options and repo Repo An agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price. See: Repurchase agreement. repo See repurchase agreement (RP). markets are to follow shortly and adopt the BGC Trader front end. BGC Trader delivers the following benefits: * Integrated, neutral marketplace combining electronic / API and broker managed liquidity, all accessible through an interactive screen * Highly customisable and user-friendly interface, facilitating permission-based access to multiple products on a single platform * Proven and reliable technology from eSpeed with a new concept of creative, cutting edge and customer-focused front end design * Fully STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. compliant from automated trade capture through to settlement * Thin-client technology with seamless product updates and deployment with minimal IT support overheads * Broker-managed products displayed as "view only" prices * Real-time and historical price information directly to the desktop * Global product coverage from regional desks * Efficient page layout for maximum exposure to prices and instruments |
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