BGC Partners Announces Launch of European Power Desk
NEW YORK, Nov. 18, 2013
NEW YORK, Nov. 18, 2013 /PRNewswire/ --BGC Partners, Inc. (NASDAQ: BGCP)
("the Company" or "BGC"), a leading global brokerage company servicing the
wholesale financial and real estate markets, today announced the launch of its
European Power desk.
Based in London, BGC's European Power desk will focus on brokering power
products in the French, German and Polish markets. The launch highlights BGC's
growing global energy practice, which includes its oil options, softs and base
metal teams in London, BGC Radix Energy in Asia, as well as its U.S. energy
derivatives desk, environmental energy commodities desk, and Houston-based
electricity, natural gas and environmental group.
"BGC has steadily increased its focus on energy, a sector we believe offers
plenty of growth opportunities for the interdealer broker industry," Shaun D.
Lynn, President of BGC. "This announcement underscores our ambitions in this
space, as well as our commitment to offering new products we believe the
markets and our clients hold an appetite for."
About BGC Partners, Inc.
BGC Partners 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 NGKF 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.
Contact: Media Contacts: Hannah Sloane, +1 212-294-7938, or Sarah Laufer, +1
212-915-1008; Investor Contact: Jason McGruder, +1-212-829-4988, or Jason
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