NEW YORK, June 29, 2016 /PRNewswire/ -- BGC Partners,
Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or the "Company"), a
leading global brokerage company servicing the financial and real
estate markets, today announced that it expects its quarterly
distributable earnings results for the second quarter of 2016 to be
around the mid-point of the range of its previously stated
guidance.
About BGC Partners, Inc.
BGC Partners is a leading
global brokerage company servicing the financial and real estate
markets. BGC owns GFI Group Inc., a leading intermediary and
provider of trading technologies and support services to the global
OTC and listed markets. The Company'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,
and BGC Market Data, BGC offers financial technology solutions,
market data, and analytics related to numerous financial
instruments and markets. Real Estate Services are offered
through brands including Newmark Grubb
Knight Frank, Newmark Cornish
& Carey, ARA, Computerized Facility Integration, Landauer
Valuation & Advisory, and Excess Space. Under these
names, the Company provides 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. 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.
BGC, BGC Trader, GFI, FENICS, FENICS.COM, Capitalab,
Swaptioniser, Newmark, Grubb & Ellis, and Grubb are trademarks,
registered trademarks and/or service marks of BGC Partners, Inc.
and/or its affiliates. Knight Frank is a service mark of
Knight Frank (Nominees) Limited.
Discussion of Forward-Looking Statements about BGC
Partners
Statements in this document regarding BGC's
businesses that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. Except as
required by law, BGC undertakes no obligation to release any
revisions to any forward-looking statements. 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 Securities and Exchange Commission filings,
including, but not limited to, the risk factors set forth in its
public filings, including the most recent Form 10-K and any updates
to such risk factors contained in subsequent Forms 10-Q or Forms
8-K.
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