LONDON, Dec. 28, 2017
/PRNewswire/ -- Companies within the BGC Partners Inc. Group
today announced that they have received authorisation from the
relevant National Competent Authorities to operate the following
Trading Venues as of 3rd January
2018, when MiFID II becomes effective.
Authorisation has been obtained from the UK's Financial Conduct
Authority (FCA) to operate an Organised Trading Facility (OTF) at
BGC Brokers LP, GFI Brokers Limited, GFI Securities Limited, and
Sunrise Brokers LLP and to operate a Multilateral Trading Facility
(MTF) at GFI Brokers Limited and GFI Securities Limited.
Authorisation from the French Autorité des marchés financiers (AMF)
has also been obtained to operate an Organised Trading Facility
(OTF) at Aurel BGC SAS.
On this basis, the BGC Group and its family of companies can
offer market participants the significant flexibility they require
in choice of venue and execution method that best suits their
needs.
About BGC Partners, Inc.
BGC Partners is a leading
global brokerage company servicing the financial and real estate
markets. BGC offers Real Estate Services through its publicly
traded subsidiary Newmark Group, Inc. BGC owns GFI Group Inc., a
leading intermediary and provider of trading technologies and
support services to the global OTC and listed markets. BGC's
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 brands
including FENICS, BGC Trader, Capitalab, Lucera, and FENICS Market
Data, BGC offers financial technology solutions, market data, and
analytics related to numerous financial instruments and
markets.
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 http://www.bgcpartners.com. You can also follow the Company
at https://twitter.com/bgcpartners and/or
https://www.linkedin.com/company/bgc-partners.
Real Estate Services are offered through its publicly traded
subsidiary Newmark Group, Inc. whose brands include Newmark Knight Frank, Newmark Cornish & Carey, Apartment Realty
Advisors ("ARA"), Computerized Facility Integration, and Excess
Space. Newmark is a full-service commercial real estate services
business that offers a complete suite of services and products for
both owners and occupiers across the entire commercial real estate
industry. Newmark's investor/owner services and products include
capital markets, which consists of investment sales, agency
leasing, property management, valuation and advisory, diligence and
underwriting and, under other trademarks and names like Berkeley
Point and NKF Capital Markets, government sponsored enterprise
lending, loan servicing, debt and structured finance and loan
sales. Newmark's common stock trades on the NASDAQ Global Select
Market under the ticker symbol (NASDAQ: NMRK)
Newmark's occupier services and products include tenant
representation, real estate management technology systems,
workplace and occupancy strategy, global corporate services
consulting, project management, lease administration and facilities
management. Newmark enhances these services and products through
innovative real estate technology solutions and data analytics
designed to enable its clients to increase their efficiency and
profits by optimizing their real estate portfolio. Newmark has
relationships with many of the world's largest commercial property
owners, real estate developers and investors, as well as Fortune
500 and Forbes Global 2000 companies.
BGC, BGC Trader, GFI, FENICS, FENICS.COM, Capitalab,
Swaptioniser, ColleX, Newmark, Grubb & Ellis, ARA, Computerized
Facility Integration, Landauer, Lucera, Excess Space, Excess Space
Retail Services, Inc., Berkeley Point and Grubb are
trademarks/service marks, and/or registered trademarks/service
marks of BGC Partners, Inc. and/or its affiliates. Knight Frank is
a service mark of Knight Frank (Nominees) Limited.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains forward-looking
statements that are subject to substantial risks and uncertainties.
Any statements contained herein that are not statements of
historical fact may be deemed to be forward-looking statements. For
example, words such as "may," "will," "should," "estimates,"
"predicts," "potential," "continue," "strategy," "believes,"
"anticipates," "plans," "expects," "intends" and similar
expressions are intended to identify forward-looking statements.
Actual results and the outcome and timing of certain events may
differ significantly from the expectations discussed in the
forward-looking statements. Factors that might cause or contribute
to such a discrepancy include the possibility that changes in
interest rates, commercial real estate values, the regulatory
environment, the effects of weather events or natural disasters,
pricing or other competitive pressures, and other market conditions
or factors could cause the results of BGC to differ from the
forward-looking statements contained or incorporated by reference
herein. 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 filings with the U.S.
Securities and Exchange Commission. Except as required by law, BGC
undertakes no obligation to update any forward-looking
statements.
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