BGC Expands Into Brazil

August 2008 | M&A News Alert

Global inter-dealer broker (IDB) BGC Partners has expanded its global reach with the acquisition of Brazil's Liquidez. With offices in 16 countries, and only one of those in Latin America, the deal will allow BGC to serve South America's largest market and serve as a platform for further expansion in the region. Liquidez, formed in 1985, is the second-highest ranked broker in Brazil, accounting for around 12% of all contracts traded on the BM&FBOVESPA exchange. It deals in foreign exchange derivatives, commodities, credit, equities and interest rate products via its 70 brokers with offices in São Paulo and Rio de

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