BGC Partners, a provider of brokerage services to the financial and real estate markets, is to acquire Perimeter Markets, an independent provider of electronic fixed income and futures trading in Canada, through its CBID platforms.
"This transaction will enhance BGC's electronic offering and increase its footprint in the Canadian marketplace," says Shaun Lynn, president of BGC Partners.
Details of the transaction, which is subject to regulatory approval, have not been disclosed.
Perimeter Markets offers electronic and hybrid broking services in Canadian fixed income securities and futures. The firm operates from its office in Toronto. Perimeter Markets is regulated in Canada by the Ontario Securities Commission and the Investment Industry Regulatory Organization of Canada.