BGC Partners, Inc. (Nasdaq: BGCP), a leading global intermediary to the wholesale financial markets, today announced that it has received acceptance from ISDA® (International Swaps and Derivatives Association) for its daily swap fixing pages in Australian Dollar and New Zealand Dollar Interest Rate Swaps (IRS) to be published as formally recognised pricing sources. BGC’s swap fixing pages are now being delivered globally in seventeen currencies recognized by ISDA, including Dollar, Euro, Singapore Dollar and Hong Kong Dollar. BGC also offers daily fixings for swap and non-deliverable swaps transactions executed in Chinese Renminbi, Czech Koruna, Indian Rupee, Indonesian Rupiah, Philippine Peso, Romanian Leu, Russian Ruble, Taiwanese Dollar, Thai Baht, Turkish Lira and Vietnamese Dong. Based on the endorsement of leading global dealers and investment banks, the formal acceptance of BGC’s screens as an acknowledged source of ISDA-defined fixings is an affirmation of the comprehensive price information that BGC provides to both its clients and the wider financial marketplace. ISDA documentation governs the terms to confirm, mark, assign and terminate derivative transactions between counterparts. The fixing pages are snapshots of real-time BGC screens taken at pre-determined times daily. Philip Norton, Executive Managing Director and global head of e-Commerce said: “BGC’s business continues to expand globally, and we are very pleased to be able to offer our reliable marketplace data across these new geographies. Our clients require accurate pricing information on which to base their trading decisions, and we are delighted to work with ISDA to offer these additional fixing pages.” Len Harvey, Managing Director and General Manager, BGC Partners, Asia-Pacific added: “As a provider of real-time and daily fixing information to global primary dealers and investment banks, BGC aims to support it clients’ businesses in Asia and around the world. We are glad to be able to extend this valuable coverage to Australian and New Zealand Dollars.”
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. 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. Through its BGCantor Market Data brand, the Company also offers globally distributed and innovative market data and analysis products for numerous financial instruments and markets. BGC Partners’ customers include many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments and investment firms. Named after B. Gerald Cantor, who co-founded the Company’s predecessor, BGC Partners has 20 offices located in New York and London, as well as in Beijing, Chicago, Copenhagen, Hong Kong, Istanbul, Johannesburg, Moscow, Mexico City, Nyon, Paris, Rio de Janeiro, São Paulo, Sarasota, Seoul, Singapore, Sydney, Tokyo and Toronto. 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, 2009, as filed with the SEC on March 16, 2010 and any updates to such risk factors contained in subsequent 10-Q filings.