Global broker BGC Partners has announced a number of promotions to bolster its product development, including structured products. Jean-Pierre Aubin, executive managing director and global head of listed products, will move to New York to take up responsibilities for further developing BGC’s broking services in listed products, including equity derivatives, cash equity, futures and options on futures and primary structured products for the group.Aubin will continue to report to BGC Partners president Shaun Lynn.
BGC Partners has also appointed key members in Aubin’s team in order to expand BGC’s capabilities in listed and primary structured products worldwide.
Meanwhile, the firm has bought Liquidez, Brazil's largest currency derivatives brokerage, as part of the ongoing global expansion of its business. “We are delighted that Liquidez will be broadening our ability to serve Brazil, Latin America's largest market and one of the world's largest economies,” said co-chief executive Lee Amaitis. “Its strong GDP growth has made Brazil a key driver of global economic expansion, which is reflected in the tremendous growth in the country's over-the-counter and exchange-traded products over the past several years.”
Liquidez is an inter-dealer broker founded in 1985. It covers foreign exchange derivatives, commodities, credit, equities and interest rate products. The company is one of the most active players on the Brazilian Mercantile & Futures Exchange and has offices in Sao Paulo and Rio de Janeiro.
Historically part of Cantor Fitzgerald, BGC Partners is a publicly-traded brokerage firm with a market value of about $1.26bn.
