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BGC Partners Inc. (BGCP) Has Jumped To An 8-Month High After Platform Sale

BGC Partners Inc. (BGCP) announced after the bell Monday that it has entered into an agreement to sell its benchmark, on-the-run, U.S. Treasury fully electronic trading platform to NASDAQ OMX Group (NDAQ) for up to $1.234 billion.

BGC Partners gapped open sharply higher Tuesday and is now up 1.51 at $5.36 on strong volume. The stock has leaped to an 8-month high.

by RTT Staff Writer

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