The chief executive of interdealer broker BGC Partners has said that he believes its hostile bid for rival GFI Partners is set to succeed, ahead of a February 19 deadline.

During a presentation of BGC's fourth-quarter results, chairman and chief executive Howard Lutnick, who also serves as the head of BGC's parent company, Cantor Fitzgerald, said that the process "is coming to its end", in response to questions from analysts.