BGC Partners Receives Approval to Conduct Principal Bond Trading in Korea
BGC is the first foreign interdealer broker to be granted this licence in Korea. Offering Korean won-denominated bond products will complement BGC’s existing foreign exchange, interest rate swap, cross currency swap, forward rate agreement and basis swap brokerage services in Korea.
Len Harvey, Executive Managing Director and General Manager, Asia Pacific said, “I am delighted that we have become the first foreign brokerage firm in Korea to receive this approval. Our ability to offer an even broader range of products in Korea marks an exciting chapter that underscores our mission to offer clients a valuable array of services.”