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BGC says e-brokerage helped stem credit decline in 2010
Thursday, February 17, 2011
Interdealer brokerage BGC Partners said that its revenues from credit fell by 6.1% in 2010 to $311 million, amid lower volumes across the market. It said that an increase in its revenue from brokerage of sovereign CDS helped to stem the decline, as did an increase in electronic brokerage. It says that revenues from credit e-broking doubled in 2010 but did not give an absolute level for revenue. Credit accounted for 28% of BGC’s earnings.
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Structured
Issuers
CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
