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BGC Partners Updates Q3 Outlook

BGC Partners, Inc. (BGCP), a global brokerage and financial technology company, said its third quarter revenue is now expected to be below the midpoint of the range of its previously stated outlook. The company's pre-tax adjusted earnings is expected to be around the midpoint of its previously stated outlook.

The company noted that its revenue would have been approximately $20 million higher, if not for the strengthening of the U.S. dollar during the period, and above last year's third quarter revenue, excluding Insurance.

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