Revenue during the quarter went down marginally by 0.25 percent to $673.25 million from $674.92 million in the previous year period. Operating margin for the quarter period stood at positive 5.57 percent as compared to a negative 25.44 percent for the previous year period.

Operating income for the quarter was $37.52 million, compared with an operating loss of $171.68 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $129.14 million compared with $479.11 million in the prior year period. At the same time, adjusted EBITDA margin contracted 5181 basis points in the quarter to 19.18 percent from 70.99 percent in the last year period.

"BGC generated record revenues for the sixth consecutive year", said Howard W. Lutnick, chairman and chief executive officer of BGC. "Excluding the $391 million gain we recorded with respect to our Trayport sale3 last year, our GAAP net income for fully diluted shares and Adjusted EBITDA improved dramatically for the quarter and full year. We are pleased to report that we generated record post-tax distributable earnings for the quarter and full year. Our strong results were led by business integration synergies, the improving profitability of our high-margin fully electronic FENICS4 business, and the highest-ever revenues generated by Newmark Grubb Knight Frank’s5 real estate capital markets business.

For the first-quarter, Bgc Partners projects revenue to be in the range of $655 million to $700 million.