BGC Partners history

In 1965 Cantor Fitzgerald established an Institutional Equities Sales and Trading Division, which offers large block trading to asset managers, pension funds, and portfolio managers.

In 1983, Cantor Fitzgerald became the first firm to offer worldwide screen brokerage services in US Government securities.

In 1991, Howard Lutnick was named president of Cantor Fitzgerald, after having worked at the firm for the previous eight years.

The sale caused BGC to see the biggest gain in stock prices since going public in December 1999.

The September 11, 2001 attacks claimed 658 employees of Cantor Fitzgerald and eSpeed, whose headquarters were in the World Trade Center.

BGC Partners was formed in 2004 when Cantor Fitzgerald spun out its voice brokerage business.

In September 2005, BGC Partners holds its First Annual Charity Day in London and New York.

In 2007, BGC Partners opened an office in Seoul, South Korea and became the first inter-dealer broker to open an office in Istanbul, Turkey.

In 2008, BGC Partners merged with eSpeed and becomes BGC Partners Inc.

In November 2009, BGC Partners won Asia Risk Magazine's first ever award for Technology Development.

Mitchell worked as an executive assistant to Michael Lampert at BGC USA, an affiliate of Cantor Fitzgerald, in March 2011.

The assets sold to Nasdaq in this deal represented $100 million in sales in 2012, less than 6% of BGC's overall total.

On April 1, 2013, NASDAQ OMX Group agreed to acquire an electronic Treasurys marketplace from brokerage firm BGC Partners Inc. in a cash-and-stock deal valued at as much as $1.23 billion.

BGC also agrees to acquire the Swedish and Dutch assets of RP Martin in 2015.

In February 2017 BGC bought London based Lloyd's insurance broker, Besso Ltd.

BGC spun-off its former subsidiary Newmark Group, Inc. (NASDAQ: NMRK) (“Newmark”), effective as of November 30, 2018 to BGC stockholders of record as of the close of business on November 23, 2018.