BGC Partners' Sunrise Executes First Block Trade of Micro Bitcoin Options from CME Group
This transaction brought together two major market participants in the cryptocurrency space. Since 1Q 2022, BGC has been active in multiple segments of the digital marketplace, successfully arranging transactions in options on multiple listed ETFs, options on CME Group listed Bitcoin futures, and options on CME Group listed Micro Bitcoin futures.
BGC is actively engaged with the digital community to ensure it remains the trusted partner of choice in this rapidly evolving asset class. BGC's Lucera platform continues to expand its digital offering by building connections to digital custodians and providing connectivity to a variety of digital execution facilities. In addition, BGC's Fenics and Aurel brands anticipate offering fully electronic access to digital spot and options products by the end of this year. Finally, in anticipation of an active OTC wholesale cryptocurrency marketplace, BGC is establishing voice and hybrid OTC brokerage desks in major financial centers to facilitate the expected growth in this sector.
JP Aubin, BGC's Co-Global Head of Brokerage, Head of Listed Products, added, "As a global leader in listed products, this trade further facilitates BGC's market expansion and innovation. We continue to explore how we can best serve our clients and provide them with up-to-date solutions. With this trade, we are building the bridge between traditional institutions and crypto-native customers."
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's Class A common stock trades on the Nasdaq Global Select Market under the ticker symbol "BGCP". BGC is led by Chairman of the Board and Chief Executive Officer
Statements 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. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC's
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