Haas, a former BGCP Board Chair, has been integral in the growth of the Boys and Girls Clubs of Philadelphia for more than 50 years, and with his latest pledge, his impact will be felt for generations to come.
To continue to have a profound impact on the youth of Philadelphia, BGCP is also calling on the region's leading corporations, foundations and caring individuals to help us in our effort to inspire hope and dreams in this city's youth.
In its primary role as intermediary, BGCP takes limited balance sheet risk.
Serving the 'wholesale' market, inter-dealer broker BGCP provides voice, hybrid and fully electronic brokerage services to many of the world's largest financial institutions.
Since its inception, BGCP has grown through both global acquisitions and enhancement of its existing electronic trading capabilities.
BGCP continues to contribute the largest share of Cantor's net revenues.
Compensation expense is by far the largest expense category for BGCP.
Consequently, BGCP is consolidated with Cantor, and a minority interest obligation is recognized for the 62% publicly held common stock interest.