Possible BGC meaning as an acronym, abbreviation, shorthand or slang term vary from category to category. When the BCG solution enters your bladder, your immune system cells begin to attack the cancer cells in your bladder. As part of that role, Mr. Kaplan helped develop and build many of the firms business initiatives, as well as several significant mergers and acquisitions. Generally, limited partnership units other than preferred units are expected to be paid a pro-rata distribution based on BGC's calculation of Adjusted Earnings per fully diluted share. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Newmark generated revenues of approximately $2.7 billion for the year ending December 31, 2022. However, out of an abundance of caution and in order to strengthen the Company's balance sheet due the uncertain macroeconomic conditions with respect to the COVID-19 pandemic, BGC Holdings, L.P. has reduced its distributions of income from the operations of BGC's businesses to its partners. Because the charges relating to equity-based compensation are deductible in accordance with applicable tax laws, increases in such charges have the effect of lowering the Company's non-GAAP effective tax rate and thereby increasing its post-tax Adjusted Earnings. Non-GAAP Financial MeasuresThis document contains non-GAAP financial measures that differ from the most directly comparable measures calculated and presented in accordance with Generally Accepted Accounting Principles in the United States ("GAAP"). Mr. Lutnick also serves as the Chairman and Chief Executive Officer of CF Acquisition Corp. IV (CF IV) since January 2020 and CF Acquisition Corp. VII (CF VII) since July 2020. What does BCG do to the bladder? Prior to that position, Mr. Kaplan spent six years as the General Counsel for Socit Gnrale,and for its investment banking subsidiary, Cowen & Co., leading their Legal and Compliance departments. Since BGC's Adjusted EBITDA is not a recognized measurement under GAAP, investors should use this measure in addition to GAAP measures of net income when analyzing BGC's operating performance. We are experts in our fields, agile and dynamic in our approach, and built upon the foundation of cutting edge technology and exceptional talent. To learn more, visitnmrk.comor follow@newmark. About BGC Group, Inc. BGC Group, Inc. ("BGC") will trade on Nasdaq at the market opening on July 3, 2023 , under the new ticker symbol "BGC", following the corporate conversion of its predecessor BGC Partners, Inc. (formerly Nasdaq: BGCP). BGC Partners, Inc. price-consensus-chart | BGC Partners, Inc. Quote. The term "Adjusted Earnings" should not be considered in isolation or as an alternative to GAAP net income (loss). In order to present a better comparison of the Company's revenues during the period, which exhibited highly volatile foreign exchange movements, BGC provides revenues year-over-year comparisons on a "Constant Currency" basis. BGC Partners also provides broker-dealer services, trade execution and compression, post-trade, information, and other back-office solutions. What does BGC mean? Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. For more information regarding Adjusted Earnings, see the sections of this document and/or in the Company's most recent financial results press release titled "Reconciliation of GAAP Income (Loss) from Operations before Income Taxes to Adjusted Earnings and GAAP Fully Diluted EPS to Post-Tax Adjusted EPS", including the related footnotes, for details about how BGC's non-GAAP results are reconciled to those under GAAP. If this abbreviation is on your statement, it means you've deposited cash or cheques at a branch. Such statements are based upon current expectations that involve risks and uncertainties. NEW YORK, Nov. 16, 2022 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC Partners" or "BGC" or the "Company"), a leading global brokerage and financial technology company, today announced . Certain Other Compensation-Related Adjustments for Adjusted EarningsBGC also excludes various other GAAP items that management views as not reflective of the Company's underlying performance in a given period from its calculation of Adjusted Earnings. BGC views the effective tax rate on pre-tax Adjusted Earnings as equal to the amount of its non-GAAP tax provision divided by the amount of pre-tax Adjusted Earnings. Timing of Outlook for Certain GAAP and Non-GAAP ItemsBGC anticipates providing forward-looking guidance for GAAP revenues and for certain non-GAAP measures from time to time. And prior to that position was a Managing Director and Director of Litigation at Oppenheimer & Co., Inc. Mr. Kaplan has a B.A. BGC Partners Inc (BGC Partners) is a global financial services company, providing brokerage and financial technology solutions. These may include compensation-related items with respect to cost-saving initiatives, such as severance charges incurred in connection with headcount reductions as part of broad restructuring and/or cost savings plans. Show More BGC Partners Demographics. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. The action you just performed triggered the security solution. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Mr. Hochberg previously served as a director of CF I from January 2020 until the consummation of its business combination with GCM Grosvenor in November 2020, a director of CF II from August 2020 until consummation of its business combination with View in March 2021 and a director of CF III from November 2020 until consummation of its business combination with AEye in August 2021. Additional Information About the Corporate Conversion Transactions and Where to Find It. The change also extends to the company's . BGC Partners's pay rate in New York is $138,627 yearly and $67 hourly. Net income (loss) attributable to noncontrolling interest in subsidiaries; Fixed asset depreciation and intangible asset amortization; Equity-based compensation and allocations of net income to limited partnership units and FPUs; (Gains) losses on equity method investments; and. SEC Filings View on SEC EDGAR Treatment of Equity-Based Compensation Line Item for Adjusted Earnings and Adjusted EBITDAThe Company's Adjusted Earnings and Adjusted EBITDA measures exclude all GAAP charges included in the line item "Equity-based compensation and allocations of net income to limited partnership units and FPUs" (or "equity-based compensation" for purposes of defining the Company's non-GAAP results) as recorded on the Company's GAAP Consolidated Statements of Operations and GAAP Consolidated Statements of Cash Flows. Mark Kaplanhas served as our director since March 2022. Charges with respect to preferred units. Rachel Racusen, spokesperson for Snapchat, one of the social media platforms Macron blamed for contributing to the upheaval, said that since Tuesday, it has increased its moderation to detect and act on content related to the riots in France. He is also Co-Global Head of Brokerage alongside Jean-Pierre Aubin and John Abularrage, all reporting to Mr. Lutnick. This is called induction therapy. BGC Group, Inc. ("BGC") will trade on Nasdaq at the market opening on July 3, 2023, under the new ticker symbol "BGC", following the corporate conversion of its predecessor BGC Partners, Inc . For more information regarding Adjusted EBITDA, see the section of this document and/or in the Company's most recent financial results press release titled "Reconciliation of GAAP Net Income (Loss) Available to Common Stockholders to Adjusted EBITDA", including the footnotes to the same, for details about how BGC's non-GAAP results are reconciled to those under GAAP. Previous. These adjustments may also reflect timing and measurement differences, including treatment of employee loans; changes in the value of units between the dates of grants of exchangeability and the date of actual unit exchange; variations in the value of certain deferred tax assets; and liabilities and the different timing of permitted deductions for tax under GAAP and statutory tax requirements. BGC's revenue would have been approximately $14 million higher, if not for the stronger U.S. dollar during the period, and in-line with last year's fourth quarter revenue, excluding Insurance. BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC incurs income tax expenses based on the location, legal structure and jurisdictional taxing authorities of each of its subsidiaries. Mr.Hochberg has also served as a director of CF IV since December 2021. Next Suggest to this list Related acronyms and abbreviations Share BGC Meaning page However, the Company does not anticipate providing an outlook for other GAAP results. Following the execution of the Corporate Conversion Agreement, Cantor entered into a Support Agreement with the Company to approve the corporate conversion transactions. When typing in this field, a list of search results will appear and be automatically updated as you type. Highest Paying Job At BGC Partners In Dallas, TX. Through its eSpeed and BGC Trader-branded platform, it offers voice, electronic, and hybrid trade brokerage for a broad range of financial . , . The fully diluted share count includes the shares related to any dilutive instruments, but excludes the associated expense, net of tax, when the impact would be dilutive; or. the Business Development Bank of Canada We are BDC, the Business Development Bank of Canada and the financial institution devoted to Canadian entrepreneurs. Clients are institutional customers in markets for a range of fixed income, financial, equity and commodity instruments. BGCs integrated model is designed to provide flexibility to customers with regards to price discovery, execution and processing of transactions, and enables them to use our voice, hybrid, or, in many markets, fully electronic brokerage services in connection with transactions executed either OTC or through an exchange. For more information, please visit http://www.bgcpartners.com. These amounts may not be known until after period-end; and. Factors that might cause or contribute to such a discrepancy include, but are not limited to, the factors set forth below: (1) the possibility that the corporate conversion transactions are not consummated in a timely manner or at all; (2) the timing, receipt and terms and conditions of any required governmental or regulatory approvals of the corporate conversion transactions that could reduce the anticipated benefits of or cause the parties to abandon the transactions contemplated by the Corporate Conversion Agreement; (3) risks related to the satisfaction of the conditions to the closing of the corporate conversion transactions, in the anticipated timeframe or at all; (4) the occurrence of any event, change or other circumstances that could give rise to the termination of the Corporate Conversion Agreement or of the transactions contemplated thereby; (5) significant transaction costs; (6) the risk of litigation and/or regulatory actions related to the corporate conversion transactions or unfavorable results from currently pending litigation and proceedings or litigation and proceedings that could arise in the future; (7) the effect on the Company's businesses, its clients, the markets in which the Company operates, its planned corporate conversion, and the economy in general of changes in the U.S. and foreign tax and other laws, including changes in tax rates, repatriation rules, and deductibility of interest, potential policy and regulatory changes in other countries, sequestrations, uncertainties regarding the debt ceiling and the federal budget, and other potential political policies; (8) the possibility that the corporate conversion transactions are more expensive to complete than anticipated, including as a result of unexpected factors or events; (9) diversion of management's attention from ongoing business operations and opportunities as a result of the corporate conversion transactions or otherwise; and (10) those factors discussed in the sections titled "Special Note on Forward-Looking Information" and "Risk Factors" in the Company's Annual Report on Form 10-K, as amended, and the Company's Quarterly Reports on Form 10-Q. BCG treatment schedule. Robert Sharphas served as our director since March 2022. Suggest now. Discussion of Forward-Looking Statements about BGC. Such items may vary for different companies for reasons unrelated to overall operating performance. You can also follow BGC at https://twitter.com/bgcpartners, https://www.linkedin.com/company/bgc-partners and/or http://ir.bgcpartners.com/Investors/default.aspx. BGC Partners salaries range from $119,733 yearly for Quality Assurance Engineer to $179,664 yearly for a Head Of Sales. Outside of the U.S., BGC is expected to operate principally through subsidiary corporations subject to local income taxes. Updated OutlookBGC's revenue and pre-tax Adjusted Earnings for the fourth quarter of 2022 are now expected to be above the midpoint of the range of its previously stated outlook. www.gfigroup.com. Possible BGC meaning as an acronym, abbreviation, shorthand or slang term vary from category to category. BGC Partners, Inc., a global brokerage and financial technology company, . These symbols will be available throughout the site during your session. BGC Partners, Inc. (Nasdaq: BGCP) ("BGC") is a leading global brokerage, trade execution and financial technology company. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Type a symbol or company name. . How Much Does BGC Partners Pay In Dallas, TX? The Company's actual results and the outcome and timing of certain events may differ significantly from the expectations discussed in the forward-looking statements. BGC uses a Constant Currency financial metric to provide a better comparison of the Company's underlying operating performance by eliminating the impacts of foreign currency fluctuations between comparative periods. For BGC we have found 165 definitions. Mr.Bisgay is currently the Chief Financial Officer of Cantor. From start-ups to market leaders, uncover what they do andhow they do it. The latest conversations about Finance Join the conversation on Bard Graduate Center Education, Design, Culture Bachelor of Guidance and Counseling Blood Glucose Curve Medical, Medicine, Veterinary Building Greater Communities Boys & Girls Club County, Locations, Youth Bislayne Garden Club Science, Botany, Phytology British Gas Council Banque GNRale Du Commerce Charlotte S. Blechmanhasservedasourdirector since March 2021. Ms. Novak began her career in the audit practice at Deloittes New York office, serving financial services clients. Term > Abbreviation What does BGC Stand For? In addition, Mr. Lutnick has served as Chairman of Newmark Group, Inc. since 2016. List of 168 best BGC meaning forms based on popularity. Additionally, BGC announced that it expects to change its name from "BGC Partners, Inc." to "BGC Group, Inc.," and it also expects to change its Nasdaq Global Select Market ticker symbol from "BGCP" to "BGC," all in connection with the planned corporate conversion from an Umbrella Partnership/C-Corporation ("Up-C") to a "Full C-Corporation.". This is an alternative to the common practice among public companies of issuing the gross amount of shares to employees, subject to cashless withholding of shares, to pay applicable withholding taxes. BGCs clients include many of the worlds largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. Meanwhile, BGC Partners is actually looking pretty good on its own too. Any unusual, one-time, non-ordinary, or non-recurring gains or losses. IT Client Prospector provides intelligence on BGC Partners Incs likely spend across technology areas enabling you to understand the digital strategy. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.linkedin.com/company/bgc-partners, http://ir.bgcpartners.com/Investors/default.aspx, BGC Partners Updates its Outlook for the Second Quarter of 2023 and Provides an Update on the Corporate Conversion. The declaration, payment, timing, and amount of any future dividends payable by the Company will be at the discretion of its Board of Directors using the fully diluted share count. From 2011 to 2017, Ms. Blechman served as Executive Vice-President ofMarketing and Communication at Barneys New York. Our acquisition and value creation strategy is to identify, acquire and, after our initial business combination, help to build a company. Discussion of Forward-Looking Statements about BGCStatements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Cision Distribution 888-776-0942 Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment. Ms. Novak has also served as the Chief Financial Officer of CF IV since July 2021 and CF VII since November 2021. Your IP: Mr.Bisgay has also served as a director of CFIV since July2021 and as a director of CFVII since December2021. CHG - Charge: CHG stands for charge. Certain equity-based compensation charges that may be determined at the discretion of management throughout and up to the period-end; Unusual, one-time, non-ordinary, or non-recurring items; The impact of gains or losses on certain marketable securities, as well as any gains or losses related to associated mark-to- market movements and/or hedging. the complete list of todays Zacks #1 Rank (Strong Buy) stocks here. CF Acquisition Corp. VIII is a special purpose acquisition company (SPAC) which had its initial public offering in March 2021 and is now listed on the Nasdaq Capital Market (NASDAQ: CFFE). Through its brands, including FMX, Fenics, Fenics Market Data, Fenics GO, BGC, BGC Trader, Capitalab, and Lucera, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. Calculations of Pre- and Post-Tax Adjusted Earnings per ShareBGC's pre- and post-tax Adjusted Earnings per share calculations assume either that: The share count for Adjusted Earnings excludes certain shares and share equivalents expected to be issued in future periods but not yet eligible to receive dividends and/or distributions. BGC Partners caters to broker-dealers, investment firms, banks, hedge funds, investment banks, corporations, and government clients. Ms. Novak holds an active CPA license from the State of New York and is a member of the American Institute of Certified Public Accountants. How do you find out what a transaction is? Mr.Sharp is a member of the Advisory Board of Mount Sinai Hospital, and a member of the Steering Committee of Duke Universitys Financial Economics Center. BGC, through its various affiliates, specializes in the brokerage of a broad range of products, including Fixed Income (Rates and Credit), Foreign Exchange, Equities, Energy and Commodities, Shipping, and Futures. The fully diluted share count excludes the shares related to these instruments, but includes the associated expense, net of tax, when the impact would be anti-dilutive. Bitcoin, Like the Internet Itself, Could Change Everything. It provides access to a range of financial products such as interest rate swaps, fixed income securities, equity derivatives, foreign exchange, structured products, credit derivatives, and insurance brokerage. Mr.Sharp received his B.A. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. BGC Partners (BGCP) has seen solid earnings estimate revision . BGC, BGC Trader, GFI, Fenics, FMX, Fenics Market Data, kACE2, Fenics GO, Capitalab, and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC and/or its affiliates. Type a symbol or company name. Telephone: +1 (212) 610-2426. In November, the company announced its plans to change its name from BGC Partners, Inc. to BGC Group, Inc. Save hours of research time and resources with our up-to-date, most comprehensive BGC Partners Inc.report available on the market, Understand BGC Partners Inc position in the market, performance and strategic initiatives, Gain competitive edge and increase your chances of success. However, the Company, BGC Group, and certain of their respective directors, executive officers, other members of management and employees, under SEC rules, may be deemed to be participants in the solicitation of consents in connection with the corporate conversion transactions. Mr. Lutnick served as the Chairman and Chief Executive Officer of CF Finance Acquisition Corp. (CF I) from October 2015 until consummation of its business combination with GCM Grosvenor, Inc. (GCM Grosvenor) in November 2020, CF Finance Acquisition Corp. II (CF II) from September 2019 until consummation of its business combination with View, Inc. (View) in March 2021, CF Finance Acquisition Corp. III (CF III) from January 2020 until consummation of its business combination with AEye, Inc. (AEye) in August 2021, CF Acquisition Corp. V (CF V)from April 2020 until consummation of its business combination with Satellogic, Inc. (Satellogic)in January 2022, and CF Acquisition Corp. VI (CF VI)from April 2020 until consummation of its business combination with Rumble, Inc. (Rumble)in September 2022. We were formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Howard W. Lutnickhas been our Chairman and Chief Executive Officer since July 2020. Various other GAAP items that management views as not reflective of the Company's underlying performance in a given period, including non-compensation-related charges incurred as part of broad restructuring and/or cost savings plans. The resulting annualized tax rate is applied to BGC's quarterly GAAP income (loss) from operations before income taxes and noncontrolling interests in subsidiaries. BGC Stands For : Btg | Bay State Gas Company | General Cable Corporation of Delaware. Mr.Sharp has over 25 years of experience in corporate acquisitions and strategically building equity value, combining financial and operational expertise. Mr. Hochberg has served at Numeric as President since June 1984 and as Chief Executive Officer since November 1994. Newmarks comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. The relevant items that are difficult to predict on a quarterly and/or annual basis with precision and may materially impact the Company's GAAP results include, but are not limited, to the following: Liquidity DefinedBGC may also use a non-GAAP measure called "liquidity". Academic & Science Botany. Mr. Lutnick joined Cantor in 1983 and has served as Chief Executive Officer of Cantor since 1992 and as Chairman since 1996. BGC, BGC Trader, GFI, Fenics, FMX, Fenics Market Data, kACE2, Fenics GO, Capitalab, and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC and/or its affiliates. Originally formed as part of the larger Cantor Fitzgerald organization, BGC Partners became its own entity in 2004. Salaries at BGC Partners range from an average of $70,000 to $175,000 a year. As part of this transition, the company will now be known as BGC Group, Inc. and has updated its Nasdaq ticker symbol from 'BGCP' to 'BGC'. BGC, through its various affiliates, specializes in the brokerage of a broad range of products, including Fixed Income (Rates and Credit), Foreign Exchange, Equities, Energy and Commodities, Shipping, and Futures. Allocations of net income to limited partnership units and FPUs. - More. If you want, you can also download image file to print, or you can share it with your friend via Facebook, Twitter, Pinterest, Google, etc. What does BGC mean? Adjusted EBITDA DefinedBGC also provides an additional non-GAAP financial performance measure, "Adjusted EBITDA", which it defines as GAAP "Net income (loss) available to common stockholders", adjusted to add back the following items: The Company's management believes that its Adjusted EBITDA measure is useful in evaluating BGC's operating performance, because the calculation of this measure generally eliminates the effects of financing and income taxes and the accounting effects of capital spending and acquisitions, which would include impairment charges of goodwill and intangibles created from acquisitions. Other Fenics offerings include software and services, our fully electronic and hybrid brokerage, market data and related information services, trade compression and other post-trade services, analytics related to financial instruments and markets, and other financial technology solutions. This means you've paid a bill by standing order. Head of Investor Relations. For the same reasons, the Company is unable to address the probable significance of the unavailable information. 30 Dec, 2022, 16:05 ET NEW YORK, Dec. 30, 2022 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC Partners" or "BGC" or the "Company"), a leading global brokerage and financial. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. It provides access to a range of financial products such as interest rate swaps, fixed income securities, equity derivatives, foreign exchange, structured products, credit derivatives, and insurance brokerage. Sean Windeatt is responsible for BGC's global front office business operations. As compared with "Income (loss) from operations before income taxes" and "Net income (loss) for fully diluted shares", both prepared in accordance with GAAP, Adjusted Earnings calculations primarily exclude certain non-cash items and other expenses that generally do not involve the receipt or outlay of cash by the Company and/or which do not dilute existing stockholders. The Company's outlook was contained in BGC's financial results press release issued on November 2, 2022, which can be found at http://ir.bgcpartners.com. The Company therefore believes that it is not possible for it to have the required information necessary to forecast GAAP results or to quantitatively reconcile GAAP forecasts to non-GAAP forecasts with sufficient precision without unreasonable efforts. On average, employees at BGC Partners stay with the company for 4.7 years. In that role, Mr. Kaplanoversees the businesses and operations of Cantors primary business divisions, both domestically and internationally. BGC Group will file with the SEC a registration statement on Form S-4, which will include a consent solicitation statement of the Company and a prospectus of BGC Group, and any other documents in connection with the corporate conversion transactions. This communication is not a solicitation of consents in connection with the corporate conversion transactions. The information provided is from their perspective. For more information on any share count adjustments, see the table titled "Fully Diluted Weighted-Average Share Count under GAAP and for Adjusted Earnings" in the Company's most recent financial results press release. The Company considers liquidity to be an important metric for determining the amount of cash that is available or that could be readily available to the Company on short notice. BGC Group, Inc. ("BGC") will trade on Nasdaq at the market opening on July 3, 2023, under the new ticker symbol "BGC", following the corporate conversion of its predecessor BGC Partners, Inc. BGCP .
Back To 60 Latest News Today,
Can I Submit Claims Directly To Medicare,
What Husband Expect From Wife In Islam,
Land Home Packages Longmont, Co,
Articles W
