BGC buys Brazilian brokerage

BGC Partners has acquired Brazilian interdealer broker Liquidez.

Liquidez trades a variety of financial instruments, including credit and interest rate products. It is the second largest broker on the Brazilian Mercantile and Futures Exchange, with 12% of all contracts traded on the BM&F.

Lee Amaitis, co-CEO of BGC Partners, says: “Brazil’s strong GDP growth has made it a key driver of global economic expansion, which is reflected in the tremendous volume growth in the country’s over-the-counter

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