BGC Partners
BGC Partners, Inc. (NASDAQ: BGCP) is a leading global intermediary to the wholesale financial markets, specializing in the brokering of a broad range of financial products including global fixed income, rates, foreign exchange, equity derivatives, credit derivatives, futures and structured product markets. BGC offers a full range of brokerage services including price discovery, trade execution, straight through processing and clearing and settlement and access to electronic trading services through its eSpeed and BGC Trader brands.
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Recovery and development
The inflation market has had a challenging few months. In particular, many dealers were hurt by short positions in 0% inflation floors, causing sizeable losses for some firms.
Inflation derivatives – history in the making
It has been a roller-coaster ride of a year for inflation-linked products – thanks to the global economic problems that everybody has been encountering, the collapse of Lehman Brothers and the use of quantitative easing by central banks – in their efforts to combat inflation and deflation.