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, but was range-bound for the majority of the session. Shares finished with a gain of 1.87 at $5.72 on the highest volume of the year. The stock surged to an 8-month high.
For comments and feedback: editorial@rttnews.com