BGC's forex revenues rise in Q3
The New York-based interdealer broker attributed the growth to rebounds in industry volumes, highlighting a rise in credit availability among emerging-market clients. The rise meant forex broking contributed 13.6% of total revenues of $292.1 million, up from around 12.3% of total revenues in the same period last year.
Electronic trading revenues surged by 17.2% across FX and credit products, with revenues reaching $30.3 million. The broker said the improvement was driven primarily by growth in
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