NEW YORK, Oct. 2, 2013 /CNW/ - BGC Partners, Inc. (NASDAQ: BGCP) ("the
Company" or "BGC"), a leading global brokerage company servicing the wholesale
financial and real estate markets, today announced that its subsidiary BGC
Derivative Markets, L.P. has launched operations as a Swap Execution Facility,
consistent with the derivatives trading regulations under the Dodd-Frank Act.
(Logo: http://photos.prnewswire.com/prnh/20110720/MM38935LOGO )
"Today marks an important milestone as we enter a new era of derivatives
transactions," said Shaun D. Lynn, President of BGC. "After extensive
preparations for this day we are excited to offer our clients the opportunity
to trade regulated swaps through BGC's Swap Execution Facility."
BGC's technology infrastructure includes fully-compliant execution
methodologies such as anonymous Central Limit Order Book (CLOB), name
disclosed Request for Quote (RFQ) system, Intra-day Electronic Auctions,
Indications of Interest, and Voice Managed Orders for Blocks and Non-Blocks.
Market participants will be able to utilize BGC's platform to segregate US
person/non-US person transactions on both a graphical user interface (GUI) and
application programming interface (API) via instrument choice and
For more information about BGC's SEF please visit:
About BGC Partners, Inc. BGC is a leading global brokerage company primarily
servicing the wholesale financial and real estate markets. Products include
fixed income securities, interest rate swaps, foreign exchange, equities,
equity derivatives, credit derivatives, commercial real estate, commodities,
futures, and structured products. BGC also provides a wide range of services,
including trade execution, broker-dealer services, clearing, processing,
information, and other back-office services to a broad range of financial and
non-financial institutions. Through its BGC Trader and BGC Market Data
brands, BGC offers financial technology solutions, market data, and analytics
related to select financial instruments and markets. Through the Newmark
Grubb Knight Frank brand, the Company offers a wide range of commercial real
estate services, including leasing and corporate advisory, investment sales
and financial services, consulting, project and development management, and
property and facilities management.
BGC's customers include many of the world's largest banks, broker-dealers,
investment banks, trading firms, hedge funds, governments, corporations,
property owners, real estate developers, and investment firms. For more
information, please visit www.bgcpartners.com.
BGC, BGC Trader, Grubb & Ellis, Grubb and Newmark are trademarks and service
marks of BGC Partners, Inc. and its affiliates. Knight Frank is a service
mark of Knight Frank Limited Corp., used with permission.
Discussion of Forward-Looking Statements by BGC Partners Statements in this
press release regarding BGC's business that are not historical facts are
"forward-looking statements" that involve risks and uncertainties. For a
discussion of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking statements, see
BGC's Securities and Exchange Commission filings, including, but not limited
to, the risk factors set forth in the Company's public filings, including the
most recent Form 10-K and any updates to such risk factors contained in
subsequent Form 10-Q or Form 8-K filings.
SOURCE BGC Partners, Inc.
Media Contacts: Hannah Sloane, +1 212-294-7938, Sarah Laufer, +1 212-915-1008,
Investor Contact: Jason McGruder, +1 212-829-4988, Jason Chryssicas, +1
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CO: BGC Partners, Inc.
ST: New York
NI: FIN NP
-0- Oct/02/2013 06:01 GMT
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