NEW YORK, Feb. 9, 2018 /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 reported financial results for the quarter
and year ended December 31, 2017.
BGC's financial results consolidate those of the Company's publicly
traded and majority-owned subsidiary, Newmark Group, Inc. (NASDAQ:
NMRK) ("Newmark"). Newmark reports its stand-alone results
separately today.
A complete and full-text financial results press release,
including information about today's financial results conference
call and BGC's most recent dividend declaration, is accessible at
the "Investors & Media" section under either "Investor
Relations" or "BGC Press Releases" at http://www.bgcpartners.com.
It is also available directly at any of the following web
pages:
http://ir.bgcpartners.com/ (an HTML version with Excel financial
tables or PDF)
http://ir.bgcpartners.com/news-releases/news-releases (an HTML
version with Excel financial tables or PDF)
http://www.bgcpartners.com/category/bgc-releases/ (PDF only)
(Note: If clicking on the above links does not open up a new web
page, you may need to cut and paste the above URLs into your
browser's address bar.)
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 BGC at
https://twitter.com/bgcpartners and/or
https://www.linkedin.com/company/bgc-partners.
About Newmark Group, Inc.
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
(including 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 occupier services and
products include tenant representation, global corporate services,
real estate management technology systems, workplace and occupancy
strategy, 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. Newmark's
Class A common stock trades on the NASDAQ Global Select Market
under the ticker symbol (NASDAQ: NMRK).
Note Regarding the Intellectual Property of BGC and
Newmark
BGC, BGC Trader, GFI, FENICS, FENICS.COM,
Capitalab, Swaptioniser, ColleX, Newmark, Grubb & Ellis, ARA,
Computerized Facility Integration, Landauer, Lucera, and Excess
Space, Excess Space Retail Services, Inc., Berkeley Point and Grubb
are trademarks/service marks, and/or registered trademarks/service
marks 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
and Newmark
Statements in this document and in the financial
results press release for the quarter ended December 31, 2017 regarding BGC and Newmark that
are not historical facts are "forward-looking statements" that
involve risks and uncertainties, which could cause actual results
to differ from those contained in the forward-looking statements.
Except as required by law, BGC and Newmark undertake no obligation
to update 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 and Newmark's Securities and Exchange
Commission filings, including, but not limited to, the risk factors
set forth in these filings and any updates to such risk factors
contained in subsequent Forms 10-K, Forms 10-Q or Forms 8-K.
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SOURCE BGC Partners, Inc.; Newmark Group, Inc.