Published On: Fri, May 31st, 2013

BGC Partners Receives Approval to Conduct Principal Bond Trading in Korea

Len Harvey, Executive Managing Director and General Manager, Asia Pacific BGC Partners

Len Harvey, Executive Managing Director and General Manager, Asia Pacific BGC Partners

BGC Partners, Inc., a leading global brokerage company servicing the wholesale financial and real estate markets, announced May 31 that its Korean entity, BGC Capital Markets and Foreign Exchange Broker (Korea) Limited, has been granted a licence by the Financial Services Commission (FSC) to offer principal bond trading to financial institutions 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.”

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