Sep 04, 2013 4:34 PM
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"As a leading price discovery, order management and execution facility that supports the evolution of trading methodologies, we look forward to welcoming in a new wave of derivatives transaction which further utilizes the strength of our leading proprietary technology," said
Capitalizing on its billion dollar-plus investment in its technology platform, BGC intends to provide swap market participants with flexible, tailored approaches to electronic execution and clearing of derivatives trades. BGC's technology infrastructure includes fully-compliant execution methodologies such as anonymous Central Limit Order Book (CLOB), name disclosed Request for Quote (RFQ) system,
BGC expects to leverage its longstanding, demonstrated expertise in running electronic marketplaces and exchanges to benefit market participants. This includes eSpeed, a fully electronic trading platform for U.S. Treasury Notes and Bonds that BGC sold to NASDAQ OMX Group, Inc. in
"BGC has been consistently rigorous in ensuring that its technology and infrastructure remain fully compliant with the latest regulatory requirements. We are highly regarded for our leading proprietary technology and our robust and successful voice franchise," said
About
BGC 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 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 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. For more information, please visit www.bgcpartners.com.
BGC, BGC Trader,
Discussion of Forward-Looking Statements by BGC Partners
Statements in this press release regarding BGC's 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's
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