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BGC Group, Inc. (formerly BGC Partners ) is an American global financial services company based in New York City and London . Originally formed as part of the larger Cantor Fitzgerald organization, BGC Partners became its own entity in 2004.

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39-969: BGC may refer to: Organisations [ edit ] BGC Group (previously BGC Partners), American financial services company Bakalia Government College , college in Bangladesh Bankgirocentralen , Sweden, operators of the Bankgirot system Baptist General Conference , US Bard Graduate Center , Bard College, New York City, US Berkeley Geochronology Center , California, US Black Girls Code , providing technology education to African-American girls Buckeridge Group of Companies , Australian construction company Mass media [ edit ] Bad Girls Club , US TV show 2006 to 2017 Other uses [ edit ] Background garbage collection , in flash memory Bonifacio Global City , Taguig, Metro Manila, Philippines BGC,

78-991: A linebacker for the New York Giants of the National Football League (NFL). Carson was inducted into the College Football Hall of Fame in 2002 and the Pro Football Hall of Fame in 2006. Born in Florence, South Carolina , Carson played at Wilson High School and later at McClenaghan High School, from which he graduated. Attended and graduated with a Bachelor of Science Degree in Education in 1976 from South Carolina State University. Before his NFL career, Carson played college football for Willie Jeffries at South Carolina State University from 1972 to 1975, not missing

117-602: A Fitch analyst. Rao wrote in a report "Cantor's institutional business and BGC's financial brokerage business will remain challenged in the medium term because of lower trading volume". Two days later Zeke Faux published a second, much longer, article titled 'Cantor Growth Plan Sputters as 41% of Touted Hires Exit' citing that 41% of the 158 traders and bankers whose hirings Cantor announced in news releases since 2009 had left, according to industry records. On April 1, 2013, NASDAQ OMX Group agreed to acquire an electronic Treasurys marketplace from brokerage firm BGC Partners Inc. in

156-471: A cash-and-stock deal valued at as much as $ 1.23 billion. The sale caused BGC to see the biggest gain in stock prices since going public in December 1999. The assets sold to Nasdaq in this deal represented $ 100 million in sales in 2012, less than 6% of BGC's overall total. On October 2, 2013 BGC's subsidiary BGC Derivative Markets, L.P. launched operations as a Swap Execution Facility (SEF), consistent with

195-722: A civil court ruling that Verrier led an unlawful poaching conspiracy against rival interdealer broker Tullett Prebon and did not tell the truth about it in court. Also in May 2012 a story was published by the New York Daily News under the headline 'Cantor Fitzgerald VP was boss from hell, secretary says in suit' which reported on a lawsuit brought against the company by former employee Crystal Mitchell. Mitchell worked as an executive assistant to Michael Lampert at BGC USA, an affiliate of Cantor Fitzgerald, in March 2011. According to

234-628: A joint venture with state-owned China Credit Trust based in Beijing . In May 2012 the Financial Services Authority , Britain's financial regulator, announced its decision to prohibit Anthony Verrier (a senior executive at BGC) from performing any function in relation to any regulated activity in the financial services industry. The FSA stated it believes that Verrier is not a fit and proper person due to concerns over his honesty, integrity and reputation. Its decision followed

273-445: A parent initiative called Flag Football Under 14, which recommends no tackle football below that age out of a concern for the brain health of the young players. He said, "I did not play tackle football until high school, I will not allow my grandson to play until 14, as I believe it is not an appropriate sport for young children." In 2012, Carson was said to be strongly considering a run for Congress against Republican Scott Garrett in

312-646: A single game in four years. He became the first Mid-Eastern Athletic Conference player to win consecutive defensive player of the year honors, and assisted the Bulldogs to consecutive conference championships. In 1975, he was a first-team selection on the AFCA College-Division All-America team and set school records with 117 tackles and 17 sacks. With Carson as their captain, the Bulldogs defense recorded six shutouts in 1975, and held their opponents to just 29 points, an NCAA record for

351-482: A ten-game season. Carson's Bulldog teammates included future Pittsburgh Steelers and College Football Hall of Fame safety Donnie Shell and future Kansas City Royals first baseman Willie Mays Aikens . In 2002, Carson was enshrined in the College Football Hall of Fame , and he was inducted into the Black College Football Hall of Fame in 2012. After his college career, Carson was drafted in

390-593: A traumatic brain injury. Carson simply says "I have to speak up for all people who really don't have a voice". Carson is a long-time resident of Franklin Lakes, New Jersey . Since his retirement, Carson has lived with various physical maladies brought on by injuries incurred during his playing days. He was diagnosed with post-concussion syndrome in 1990, and estimates that he had 15 concussions during his long high school, college and professional football career. In 1992, he stated: "I don't think as clearly as I used to. Nor

429-600: A win. The practice was started by his teammate Jim Burt in 1985 as Carson recounted in his 1987 book Point of Attack: The Defense Strikes Back . When Bill Parcells had Carson as a player with the Giants, he would have him at his side during the singing of the national anthem for good luck. Bill Belichick , an assistant coach for the Giants for 12 years, who as head coach, led the New England Patriots to six 21st century Super Bowl victories, considered Carson

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468-464: Is 19 sacks when the 1976–81 seasons are included. He retired at the end of the 1988 season, two years after helping the team win Super Bowl XXI , the Giants' first, and Carson had seven tackles for the victors. Carson was one of the first practitioners of the " Gatorade shower " which is when the coach of the winning team is doused with a cooler of Gatorade by some of the players following

507-531: Is different from Wikidata All article disambiguation pages All disambiguation pages BGC Group In 1945, Bernard Gerald Cantor founded a brokerage service for inter-dealer fixed-income markets. The resulting company was B.G. Cantor and Company, which later became Cantor Fitzgerald . In 1965 Cantor Fitzgerald established an Institutional Equities Sales and Trading Division, which offers large block trading to asset managers, pension funds, and portfolio managers. In 1983, Cantor Fitzgerald became

546-557: Is increasingly critical of the NFL and questions whether football should be played, as he believes the hazards of concussions and subconcussive hits are not an understood risk such as physical ailments are. He is quoted in this interview as saying of the NFL's $ 765 million settlement with former players that "the NFL has given everybody 765 million reasons why you don't want to play football." In March 2018, Carson joined with former NFL stars Nick Buoniconti and Phil Villapiano to support

585-517: Is my speech, diction, selection of vocabulary is as good as it used to be, and I don't know why." In 2001 while he was a broadcaster with the MSG Network he said, "I would mispronounce words and lose my train of thought. Things would happen, and at times I'd think I was going crazy." Carson authored his second book "Captain for Life" published by St. Martin's Press in 2011. In his book he documents his experiences with post-concussion syndrome. He

624-558: The Piers Morgan Live TV show and pledged to donate $ 2 million to families affected by the tornado. The donation was given out in the form of $ 1,000 debit cards given out to area families. In 2012 the company became the title sponsor of the Masters snooker tournament. Harry Carson Harry Donald Carson (born November 26, 1953) is an American former professional football player who spent his entire career as

663-563: The coin toss before the game, I started to go out and looked around for those guys. Bill Parcells said to me: 'No. You go. Just you.' And that was about the coolest feeling I've ever had in the world—going out to midfield for the Super Bowl, as the lone captain. There were nine Denver Broncos out there, and me. Just me. An awesome responsibility. The greatest respect. During his Hall of Fame speech in 2006 Harry Carson does not directly mention CTE , but he does mention that he does not think

702-612: The Cantor Fitzgerald Relief Fund among other charities. In 2007, BGC Partners opened an office in Seoul, South Korea and became the first inter-dealer broker to open an office in Istanbul, Turkey. In 2008, BGC Partners merged with eSpeed and becomes BGC Partners Inc. In November 2009, BGC Partners won Asia Risk Magazine's first ever award for Technology Development. In 2010, BGC Partners entered into

741-516: The Downtown Financial District. The company and its associated businesses also operate offices around the world: BGC Charity Day was founded in 2005 to raise money for the Cantor Fitzgerald Relief Fund and other nonprofits as a way to honor the victims of 9/11. Each year on or near September 11, BGC Charity Day brings in celebrities, athletes and politicians alike to man their phones and speak with clients, with all revenue from

780-480: The Hall of Fame selection process, where his principal criticism was that the vote is done by the media, not players and coaches. In 2004, Carson asked to have his name taken off the ballot. Despite previously stating that due to his frustration at not being elected he wanted his name removed from the ballot, when elected to the Hall of Fame in 2006 Carson appeared and gave an induction speech. Carson later commented on

819-415: The NFL handles their own ex-players that are struggling with head trauma later in their lives. Although Harry Carson was an excellent football player he does suggest that kids not start playing football because of the consequences that could come to them later in life. The NFL reached a concussion settlement of 765 million dollars for the former NFL players that sustained head injuries on the field. When Carson

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858-412: The NFL is doing the best job they can to help out ex-NFL players. When he states "I would hope that the leaders of the NFL, the future commissioner, and the player association do a much better job of looking out for those individuals. You got to look out for 'em. If we made the league what it is, you have to take better care of your own" (Carson). Carson takes an aggressive stand when it comes to CTE and how

897-672: The World Trade Center. In response to the attacks, BGC Partners and Cantor Fitzgerald pledged to donate 25% of their profits to families of deceased employees. BGC Partners was formed in 2004 when Cantor Fitzgerald spun out its voice brokerage business. The initials BGC stand for that company's founder, Bernard Gerald Cantor. In April 2005, BGC Partners LP merged with Maxcor Financial Group Inc. to form BGC Partners. In September 2005, BGC Partners held their first annual Charity Day event. The event featured Harry Carson , Boomer Esiason , and Mariano Rivera and raised money for

936-602: The best all-around linebacker he ever coached. Carson did the one thing no defensive player ever gets enough credit for, even though it's the first thing every defensive coach talks about with his team every week: he defended the run. ~ Peter King , member of the Pro Hall of Fame Board of Selectors, on why it took so long for Carson to be inducted. Carson was elected to the Pro Football Hall of Fame in 2006. His selection came after years of outspoken criticism of

975-648: The chances of head trauma players could experience later in life. Carson remains in close involvement with the Giants. He has also had a successful career in sports broadcasting and has his own company, Harry Carson Inc., which deals mainly in sports consulting and promotions. Carson was also part-owner of the Arena Football League 's New Jersey Red Dogs , alongside ex-Giants Carl Banks and Joe Morris . He currently co-hosts Giants 1st & 10 on Madison Square Garden Network with Bob Papa, Carl Banks and Howard Cross. On May 17, 2015, Harry Carson served as

1014-465: The commencement speaker for New York University School of Professional Studies. Two days later Carson served as the commencement speaker and was presented with an honorary Doctor of Humane Letters Degree from Fairleigh Dickinson University at MetLife Stadium in New Jersey. The honor was bestowed upon Carson for his advocacy not only for his football brethren but for anyone who lives with the effects of

1053-606: The day being donated to charities of choice. The Charity Day event has also spread beyond New York to all of BGC Partners' international offices. When Hurricane Sandy hit the New York and New Jersey coasts in October 2012, damages quickly totaled in the billions, with thousands of family homes completely destroyed along beach properties. A Hurricane Sandy Family Relief Program was established and funded largely by BGC Partners and Cantor Fitgerald's Charity Day efforts. $ 10 million in

1092-747: The derivatives trading regulations under the Dodd-Frank Act. This followed BGC receiving CFTC approval to operate a Swap Execution Facility in September 2013. In February 2017, BGC bought London based Lloyd's insurance broker, Besso Ltd. In January 2019, Ed Broking Ltd, another London headquartered Lloyd's insurance broker was added to the Group. On July 3, 2023, the company changed its ticker from BGCP to BGC. The company's global headquarters are in Midtown, New York City, while it also has an office in

1131-572: The discrimination suit, she says she complained about the treatment to human resource managers — but her pleas for help were ignored. In October 2012 the New York Post ran an article entitled 'Cantor, Moody's Dogfight' reporting on a 'feud' between the company and Moody's Investors Service . The article stated that Cantor Fitzgerald and Moody's had been feuding for months over differing opinions of Cantor's profitability. In July 2012 Cantor terminated its relationship with Moody's. In October 2012

1170-541: The first firm to offer worldwide screen brokerage services in US Government securities. In 1991, Howard Lutnick was named president of Cantor Fitzgerald, after having worked at the firm for the previous eight years. Lutnick placed a new emphasis on technological innovation at the company, and in 1996 led the development of eSpeed, which went public in 1999. The September 11 attacks claimed 658 employees of Cantor Fitzgerald and eSpeed, whose headquarters were in

1209-438: The form of $ 1,000 debit cards were handed out to families whose homes were damaged in the storm. The eligible families were identified through nineteen schools located in areas hardest hit by the storm. Cantor Fitzgerald Slacks On 9/11 Pledge, But Promises $ 10 Million To Sandy Relief On May 20, 2013, a tornado struck Moore, Oklahoma , killing 24 people and injuring hundreds more. Two days later, Howard Lutnick appeared on

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1248-493: The fourth round of the 1976 NFL draft by the Giants. He spent all of his 13 seasons with them, leading the team in tackles for five seasons, and more impressively, served as their captain for ten. Carson was a member of the Crunch Bunch , a team of fierce linebackers composed of Carson, Brad Van Pelt , Brian Kelley , and Lawrence Taylor . The group is widely considered one of the best defensive combos in NFL history. He

1287-505: The ratings agency dropped BGC's status to Ba2. In December 2012 Bloomberg reported that S&P cut Cantor to BBB− and left the rating for BGC Partners Inc., the company's interdealer broker affiliate, unchanged at the lowest investment grade. Two articles appeared in January 2013 written by Bloomberg journalist Zeke Faux. The first, dated January 8 was titled 'Cantor May Face Another Ratings Cut as Fitch Cites Slump' and quoted Mohak Rao,

1326-487: The selection, saying he was humbled by the selection but noting: The Hall of Fame will never validate me. I know my name will be in there, but I take greater pride in the fact that my teammates looked at me as someone they could count on. I still remember, and I will remember this for the rest of my life, the Super Bowl against Denver . We had three captains—me, Phil Simms and George Martin . But when it came time for

1365-467: The suit filed by her lawyer David Harrison, her boss once threw a cup of tea at her because she hadn't removed the teabag. "The boiling hot liquid spilled on [Mitchell], burning her stomach and upper leg, and staining her clothes." the suit said, adding that "Almost daily, Lampert humiliated and degraded Mitchell, yelling at her as if she was inferior and calling her: 'stupid,' 'moron,' 'the dumbest person I ever met,' 'incompetent,' and 'idiot,' ". Elsewhere in

1404-701: The surname of the French Class B 81500 (for dual-mode AGC or in French, Bi-mode AGC) Background check , per a common initialism in business communication Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title BGC . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=BGC&oldid=1257013574 " Category : Disambiguation pages Hidden categories: Short description

1443-592: Was a member of the Big Blue Wrecking Crew defense and also made nine Pro Bowl appearances (1978–1979, 1981–1987) in his career. In the 1980s he was joined by Lawrence Taylor, another Pro Football Hall of Fame linebacker. In his 13 seasons, Carson intercepted 11 passes and returned them for a total of 212 yards. He also recovered 14 fumbles, returning them for 36 yards and one touchdown. Officially, he recorded eight quarterback sacks (sacks did not become an official NFL statistic until 1982) but his total

1482-407: Was asked about the settlement in a Frontline interview he says, "And so I think everyone now has a better sense of what damage you can get from playing football. And I think the NFL has given everybody 765 million reasons why you don't want to play football" (Carson). Harry Carson thinks the huge settlement is good for the former players, but it also scares people away from playing football because of

1521-436: Was one of the first former professional athletes to share his own personal first hand experiences years before the long-term effects of concussions and chronic traumatic encephalopathy (CTE), long before the subject became a "hot button" topic. While Carson has acknowledged he has "managed" the long term effects of concussions he does not know if he has been affected by chronic traumatic encephalopathy (CTE). When asked, Carson

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