In brief

BGC up in Q1

BGC Partners saw a sharp rise in rates and foreign exchange revenues in the first quarter of 2010, versus the same period last year. The broker said rates revenues were $145.4 million and foreign exchange revenues were $44.7 million. In comparison, for the first quarter of 2009, rates revenues were $113.9 million, while foreign exchange revenues were $32.0 million. 

BGC Partners said rates revenue increases were driven primarily by continuing high levels of global fixed-income

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