BGC Partners (BGCP) is one of the world's largest publicly traded interdealer brokers, meaning firms that predominantly facilitate over-the-counter, wholesale transactions between commercial banks, investment banks and brokerage houses. BGCP handles fixed income, the foreign-exchange market and derivatives that are typically not standardized enough to trade on an exchange.
Insiders own 100% of the class B common and about 11% of the class A shares, which ensures that management is shareholder-friendly. The most obvious perk of ownership is BGCP's $0.17 quarterly payout, which makes for a 10.1% current yield....425 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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