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BGC Partners to acquire Sunrise Brokers Group

BGC PartnersInc. has agreed to acquire the businesses of Sunrise Brokers Group,an independent financial brokerage for equity derivatives.

Sunrise Brokers offers broking services across equity, credit,foreign exchange, hybrid and commodity derivative asset classes.

Details of the transaction were not disclosed.

The deal is subject to legal and regulatory approvals andclosing conditions.

Sunrise Brokers LLP is authorized and regulated in the U.K.by the Financial Conduct Authority. Sunrise Brokers (Hong Kong) Ltd. islicensed in Hong Kong by the Securities and Futures Commission. is a FINRAmember firm in the U.S. The company generated consolidated revenues ofapproximately $90 million in the financial year ending Dec. 31, 2015.