Sept. 28, 2011 Large broker eyes US market
BGC Partners, a major international broker, continues positioning itself in anticipation of a burgeoning US carbon market.
After purchasing rival broker CantorCO2e’s North American interests, BGC is now hiring additional brokers to handle American carbon contracts.
Despite the poor US economy and the lack of a federal cap-and-trade law, BGC’s managing director believes carbon commodities will play a significant role in North American markets in the near future.
BGC Partner’s revenue from last year totaled over $1.3 billion.