PARIS, Jan. 16, 2013 /PRNewswire/ -- BGC France Holdings, a subsidiary of BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners" or "BGC"), today announced that it has acquired Ginalfi Finance, an interdealer broker based in Paris specializing in the intermediation of money markets products, credit bonds, government bonds and SWAPs.
"I'm delighted to announce the acquisition of Ginalfi Finance which makes strong strategic sense as we seek opportunities to expand our French business," commented JP Aubin, Executive Managing Director and Global Head Listed Products & Structured Solutions and General Manager, Continental Europe. He continued: "Ginalfi Finance's existing client base and interdealer services complement BGC Aurel's brokerage business. We look forward to exploring cross-selling opportunities, increasing our portfolio of products and improving cost structures across both companies."
Alain Jouffroy, President and CEO of Ginalfi Finance commented: "We are excited to join BGC, which is reputed for its depth and breadth of global brokerage services. We look forward to providing our clients with exceptional service, a wider portfolio of products, and sophisticated trading solutions with BGC's premier technology platform."Ginalfi Finance was founded in 1984 and provides a variety of fixed income products to its clients, including the brokerage of depos, repos, commercial papers, SWAPs, credit bonds, government bonds and equity products. 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 eSpeed, 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 Newmark Grubb Knight Frank brand, the Company offers a wide range of 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. 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, including our most recent Form 10-K and any updates to such risk factors contained in subsequent Form 10-Q or Form 8-K filings. SOURCE BGC France Holdings
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