BGC chief executive Howard Lutnick said last week he plans to sell Trayport but who could be eyeing this interesting asset?
Howard Lutnick of BGC Partners is not
evidently a man who plays by the book.
He became chief executive of Cantor
Fitzgerald at the age of 30, oversaw the division of that
company into Cantor Fitzgerald and BGC Partners, both of which
he runs, and has in the past decade built BGC into one of the
top four brokers on the planet.
In October last year, he undertook one of
his most daring moves yet when he started a bidding war with
the CME Group, the world’s largest exchange, to
acquire BGC’s broking rival GFI Group.
Even better, he won.
The BGC acquisition of GFI brought with it
another of the world’s largest brokers and some
key technology assets in Trayport, the leading European energy
trading platform, and Fenics, the foreign exchange options
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