The Company’s Fourth Quarter 2015 Financial Results Press Release will be Issued Prior to Market Open on Wednesday, February 10, 2016
NEW YORK, Dec. 21, 2015 /PRNewswire/ — BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC,” or the “Company,”) a leading global brokerage company servicing the financial and real estate markets, today announced that it plans to update its outlook for the quarter ending December 31, 2015 on that date. BGC’s results will include the consolidation of those for the Company’s majority-owned division, GFI Group Inc. (OTC: GFIG) (“GFI Group” or “GFI”), a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets.
Commercial real estate services firms are typically seasonally strongest in the fourth calendar quarter, and this seasonality tends to be most pronounced over the last few business days of December. These seasonal patterns are particularly pronounced in real estate capital markets. In order to provide the most accurate and relevant information, BGC’s outlook will therefore be updated on the last calendar day of the quarter.
The Company also plans to issue an advisory press release regarding the availability on its website of its consolidated quarterly financial results by 8:00 a.m. ET on Wednesday, February 10, 2016. A full-text financial results press release will be accessible at http://ir.bgcpartners.com or https://bgcpartnersprd.wpengine.com/category/bgc-releases/. A conference call to discuss these results is scheduled for the same day at 10:00 a.m. ET. Further details of the conference call will be announced at a later date.
About BGC Partners, Inc.
BGC Partners is a leading global brokerage company servicing the financial and real estate markets. Financial Services offerings include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. BGC provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post trade, information, and other services to a broad range of financial and non-financial institutions. Through its FENICS, BGC Trader, and BGC Market Data brands, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. Real Estate Services are offered through the Company’s Newmark Grubb Knight Frank brand, which provides 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. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit https://bgcpartnersprd.wpengine.com.
BGC, BGC Trader, FENICS, FENICS.COM, Newmark, Grubb & Ellis, and Grubb are trademarks, registered trademarks and/or service marks of BGC Partners, Inc. and/or its affiliates. Knight Frank is a service mark of Knight Frank (Nominees) Limited. Trayport is a trademark or registered trademark of Trayport Limited and/or its affiliates.
About GFI Group Inc.
Founded in 1987 and headquartered in New York, GFI is majority-owned by, and operates as a division of BGC Partners, Inc. GFI is a leading intermediary in the global OTC and Listed markets offering an array of sophisticated trading technologies and products to a broad range of financial market participants. More than 2,500 institutional clients benefit from GFI’s know-how and experience in operating electronic and hybrid markets for cash and derivative products across multiple asset classes, including fixed income, interest rates, foreign exchange, equities, energy and commodities.
Discussion of Forward-Looking Statements about BGC Partners and GFI
Statements in this document regarding BGC’s and/or GFI’s businesses that are not historical facts are “forward-looking statements” that involve risks and uncertainties. Except as required by law, BGC and/or GFI undertake no obligation to release any revisions to any forward-looking statements. 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 and/or GFI’s respective Securities and Exchange Commission filings, including, but not limited to, the risk factors set forth in their respective public filings, including their most recent Forms 10-K and any updates to such risk factors contained in subsequent Forms 10-Q or Forms 8-K.
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CONTACT: BGC and GFI Media Contact: Karen Laureano-Rikardsen, +1 212-829-4975; or BGC and GFI Investor Contacts: Jason McGruder, +1 212-829-4988; or Jason Chryssicas, +1 212-915-1987