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. The stock is now up 0.45 on 11K shares.
BGC Partners traded to the downside throughout Monday's session and finished lower by 0.31 at $3.85 on above average volume. The stock dropped to a 2-month low.
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