The total purchase consideration for all shares of GFI purchased by BGC was approximately $750 million.[5] BGC Partners - 4Q15 post - distributable earnings of $ 76.7 m , up 26 % YoY , while revenue was $ 692 m , up 34 % YoY. CEO , Howard Smith , said this strong performance was offset by the addition of GFI , success of the Grubb Knight Frank , and a 112 % YoY revenue growth driven by the new high volume fully electronic FENICS[4 ] business .
BGC Partners - 4Q15 post - distributable earnings of $ 76.7 m , up 26 % YoY , while revenue was $ 692 m , up 34 % YoY. CEO , Howard Smith , said this strong performance was offset by the addition of GFI , success of the Grubb Knight Frank , and a 112 % YoY revenue growth driven by the new high volume fully electronic FENICS[4 ] business .