This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

BGC Partners Announces New Appointments And The Launch Of An Energy Derivatives Desk

NEW YORK, Oct. 17, 2013 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("the Company" or "BGC"), a leading global brokerage company servicing the wholesale financial and real estate markets, today announced the launch of its Energy Derivatives desk, and the appointments of Anup Patel and Paul Paftinos, who have joined BGC to lead this initiative.

(Logo: http://photos.prnewswire.com/prnh/20110720/MM38935LOGO)

Based in New York, BGC's Energy Derivatives desk will focus on brokering Natural Gas Options, WTI and Brent Oil Options. The launch complements BGC's existing energy practice, which includes environmental energy commodities and its Houston-based electricity, natural gas and environmental products group, and underscores BGC's increasing ambitions in this space. 

"We believe energy brokerage offers immense potential, representing a sector and an opportunity that BGC is excited about further unlocking," said Shawn McLoughlin, Director of New Business Development, BGC North America. He continued: "We are confident Anup and Paul will be valuable additions to our growing energy practice, in addition to our expanding commodities brokerage business, and we are delighted to welcome them to BGC."

Mr. Patel joins BGC from LCM Commodities, LLC, where he served as an Energy Derivatives specialist for two years. Prior to this, Mr. Patel was a portfolio manager at Energy Arbitrage Management, where he specialized in natural gas and crude oil options. Mr. Paftinos joins BGC from LCM Commodities, LLC, where he served as Vice President of Energy Derivatives for more than four years. Prior to this, he worked in Energy Sales at Lehman Brothers, and from 2004 until 2007, Mr. Paftinos worked in Energy Operations at Goldman Sachs.

"We are excited to join BGC and launch its Energy Derivatives desk," said Mr. Patel and Mr. Paftinos, Co-Heads of BGC's Energy Derivatives desk, in a joint statement: "We look forward to working with BGC management and its brokers to grow the business, in addition to playing an important strategic role in building the energy practice."

Stock quotes in this article: BGCP 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,425.61 +0.76 0.00%
S&P 500 1,867.65 +5.34 0.29%
NASDAQ 4,105.8350 +19.61 0.48%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs