Nasdaq OMX Group Inc agreed to purchase electronic Treasuries-trading platform eSpeed from BGC Partners Inc for $750 million in cash, providing the exchange operator an entry into one of the world's largest and most liquid cash markets.The deal gives Nasdaq more exposure to fixed income markets, fitting into the company's strategy of expanding in asset classes beyond stock trading, where volumes have been depressed for years.More than $500 billion in U.S. Treasuries change hands daily.The acquisition helps to diversify Nasdaq's U.S. offerings, said Christopher Allen, an analyst at Evercore Partners.
BGC Partners, Inc. (BGC) is a global brokerage company primarily servicing the wholesale financial markets, specializing in the brokering of a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, property derivatives, commodities, futures and structured products. Shares of BGCP fell by 7.45% or $-0.31/share to $3.85. In the past year, the shares have traded as low as $3.11 and as high as $7.49. On average, 1563580 shares of BGCP exchange hands on a given day and today's volume is recorded at 3618986.
Evercore Partners Inc. is an independent investment banking advisory firm. Shares of EVR fell by 2.4% or $-1.0/share to $40.60. In the past year, the shares have traded as low as $20.57 and as high as $44.53. On average, 460975 shares of EVR exchange hands on a given day and today's volume is recorded at 483483.
The NASDAQ OMX Group, Inc. (NASDAQ OMX) is a holding company. Shares of NDAQ fell by 0.9% or $-0.29/share to $32.01. In the past year, the shares have traded as low as $21.03 and as high as $32.89. On average, 1437260 shares of NDAQ exchange hands on a given day and today's volume is recorded at 690163.
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