BGC names new emerging markets director

BGC Partners has created a new role for Howard Wright as director of emerging markets in London. The role brings together two existing streams of cash and CDS emerging markets, and will help the inter-dealer focus more on this area, says Wright, who previously managed bank capital at BGC.

“It’s a massive market,” says Wright. “There’s margin for the banks, and plenty of volatility; it’s a market that trades every day.” He points to the long Brazilian bond as a case in point: it has traded “four