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.
Consequently, BGCP is consolidated with Cantor, and a minority interest obligation is recognized for the 62% publicly held common stock interest.
There were approximately 1,000 Cantor and BGCP partners at June 30, 2009.
Cantor's combined interest in BGCP constitutes approximately 85.
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.