HONG KONG & SINGAPORE - (Business Wire) BGC Partners, Inc. (Nasdaq: BGCP), one of the world’s leading inter-dealer brokers, announced today that it has won Asia Risk Magazine’s inaugural award for Technology Development, in their annual awards announced this week. In the write up for the magazine, the company’s BGC Trader application was praised for providing electronic functionality that facilitated trade in the global markets in difficult market conditions, as part of BGC’s hybrid business model. The magazine recognised BGC’s Volume Match as a significant technological development for enabling efficient execution in an environment where markets lacked liquidity.
Philip Norton, global head of E Commerce at BGC Partners said: “The involvement of BGC’s brokers and their clients, in providing guidance and feedback throughout the development process of this functionality, has enabled us to create a product that enhances the hybrid service that BGC provides across multiple asset-classes.”
He continued: “BGC’s ability to benefit other businesses, such as EM and G10 FX Options and Emerging Markets CDS, through deploying functionality that was initially developed for a single market is a key competitive advantage and this scalability justifies our continued investment in technology.”
Notes to Editors
About BGC Partners, Inc
BGC Partners, Inc. (Nasdaq: BGCP) is a leading global intermediary to the wholesale financial markets, specializing in the brokering of a broad range of financial instruments. BGC's proprietary technology operates multiple real-time electronic marketplaces for the world’s capital markets. Its customers include many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments and investment firms. Named after financial markets innovator B. Gerald Cantor, BGC has 18 offices worldwide. For more information, visit http://www.bgcpartners.com.
Discussion of Forward-Looking Statements by BGC Partners
Statements in this press release regarding BGC Partners’ 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 Partners’ Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors set forth in our public filings which we incorporate by reference, including our Form 10-K for the year ended December 31, 2008, as filed with the SEC on March 16, 2009 and any updates to such risk factors contained in subsequent 10-Q filings.
BGC Partners, Inc.
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Alexandra Walker, + 44 20 7894 7459
awalker@bgcpartners.com
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Investors
Jason McGruder, +1 212-829-4988
jmcgruder@bgcpartners.com
