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.
(Logo: http://photos.prnewswire.com/prnh/20110720/MM38935LOGO )
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.
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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