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BGC

BGC Partners Voted Number One Broker in Currencies by Risk Australia

2010-09-08 15:23
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SYDNEY--(BUSINESS WIRE)--BGC Partners, Inc. (NASDAQ: BGCP) has been voted the overall Number one broker in Currencies in the annual Risk Australia Rankings – in total gaining nine Number One Rankings out of ten categories.

Daniel M. La Vecchia, Executive Managing Director and Global head of FX Products at BGC, commented: “We would like to thank our customers for voting for us in these rankings. We have seen tremendous traction across the board for Currencies in the Asia-Pacific region. BGC’s award-winning technology platform, BGC™ Trader, alongside our successful voice franchise, has contributed to provide our customers with greater liquidity across a range of FX Products and we are very happy that this has been recognized in the marketplace.”

In the second quarter of this year, BGC’s global Foreign Exchange revenues increased by 54.6 percent versus last year. In addition, both volumes and revenues for BGC’s fully electronic FX business more than tripled year-over-year, outpacing strong overall industry volumes.

About BGC Partners, Inc.

BGC Partners is a leading global intermediary to the wholesale financial markets, specializing in the brokering of a broad range of financial products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, structured products and other instruments. BGC Partners also provides a full 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. BGC Partners’ integrated platform is designed to provide flexibility to customers with regard to price discovery, execution and processing of transactions, and enables them to use voice, hybrid, or, where available, fully electronic brokerage services in connection with transactions executed either OTC or through an exchange. Through its eSpeed™ and BGC™ Trader brands, BGC Partners uses its proprietary, built, and paid for technology to operate multiple buyer, multiple seller real-time electronic marketplaces for the world’s most liquid capital markets.

Named after fixed income trading innovator B. Gerald Cantor, BGC Partners has offices in 20 locations, in New York and London, as well as in Beijing, Chicago, Copenhagen, Hong Kong, Istanbul, Johannesburg, Mexico City, Moscow, Nyon, Paris, Rio de Janeiro, São Paulo, Sarasota, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information, visit http://www.bgcpartners.com.

Contacts

BGC Partners, Inc.
Media:
Florencia Panizza, +1-212-294-7938
fpanizza@bgcpartners.com