(Reuters) - The deal is structured as a takeover of BGC by eSpeed, and the companies said on Wednesday that by acquiring BGC, eSpeed will be able to develop new products more effectively and benefit from a larger capital base.
"We believe that the combined company will generate greater revenue opportunities by applying technology to improve voice broker productivity, while accelerating the pipeline from voice to fully electronic trading," BGC Chief Executive Lee Amaitis said.
Read more at Reuters.com Mergers News
"We believe that the combined company will generate greater revenue opportunities by applying technology to improve voice broker productivity, while accelerating the pipeline from voice to fully electronic trading," BGC Chief Executive Lee Amaitis said.
Read more at Reuters.com Mergers News
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