Best Risk Management/Options Pricing Vendor: Fenics
BGC CEO outlines commitment to recently acquired firm
BGC chief executive Howard Lutnick has big plans for Fenics, the company it acquired in February this year as part of its $778 million takeover of rival broker GFI. Considering Fenics' revenues rose by 142.2% to $60.7 million, while pre-tax earnings increased by 82.1% to $25.3 million in the third quarter, the commitment is understandable.
"Fenics businesses are independently worth significantly more than what is reflected in our current stock price. Based on recent equity market and M&A
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