BGC ELECTRONIC TRADING PLATFORM FORMALLY RECOGNISED BY FINNISH STATE TREASURY
LONDON, 16 October 2009 —BGC Partners, Inc. (Nasdaq: BGCP) today announced that the Finnish State Treasury has formally recognised the BGC Electronic Trading Platform as a source of liquidity for the secondary market trading of Finnish government bonds.
BGC’s Electronic Trading Platform is operational in all the European government bond markets and has also been formally recognised in the following European countries who have opened their wholesale government bond markets to competitive platforms:
• Austria
• Belgium
• Ireland
• The Netherlands
Philip Norton, Executive Managing Director and Global Head of e-Commerce at BGC Partners said: “We are delighted to be able to offer primary dealers a wide choice as to where they post prices and trade. We look forward to continuing to establish partnerships with those authorities across Europe seeking to open their government bond markets to multiple platforms and in continuing to add value to the market as a whole.”
Teppo Koivisto, Director of Finance, Finnish State Treasury said: “With the opening of the Finnish inter dealer markets to competing electronic trading platforms, Finland shows commitment to a European harmonization and fair terms of competition, with a goal to foster our bonds liquidity and trading infrastructure.”
BGC’s integrated voice and electronic platform is already used by its brokers across multiple asset classes to provide wholesale banks with a choice of voice, voice-assisted, screen assisted, or , where available, fully electronic brokerage services. This enables greater flexibility with regard to price discovery, execution and processing of transactions.
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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, visithttps://bgcpartnersprd.wpengine.com.
For further information:
Media
Europe & Asia
Florencia Panizza, +1 212 294 7938
fpanizza@bgcpartners.com
Investors
Jason McGruder, +1 212 829 4988
jmcgruder@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.