LONDON, Oct. 5, 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 GlobalCapital has recognized the industry leadership of BGC Partners and GFI Group across three categories at its 2016 Global Derivatives Awards.
GlobalCapital awarded Capitalab, a division of BGC Brokers L.P., the distinction of "Compression/compaction service of the year" and named BGC Partners "Equity derivatives interdealer broker of the year" and "Credit derivatives interdealer broker of the year."
"With these three awards, our customers have recognized BGC Partners as a world-class innovator in the derivatives markets across several key products and services," said Shaun D. Lynn, President of BGC Partners.
"We are gratified that clients have clearly identified us as leaders in the highly competitive equity derivatives and credit derivatives markets," said Jean-Pierre Aubin, Executive Managing Director, Global Head of Listed Products and General Manager, Continental Europe and Philip Cramp, Head of Credit, Repo and EGBs in London.
"Following our very first year of operation, we are proud to have won 'Compression/compaction service of the year' in the complex space of derivatives portfolio optimisation," added Gavin Jackson and David Bachelier, Co-Founders of Capitalab.
The GlobalCapital editorial board stated that it "wanted to reward those firms who had risen to the challenges that 2016 has brought, looked ahead to those coming up in 2017 and created valuable solutions and helped provide greater clarity for the market." The publication's team interviewed senior officials at banks and broker-dealers to determine the interdealer broker award categories and nominees. The winners of most of the award categories were then decided by GlobalCapital's editorial board. Winners were chosen based on a number of factors including innovation, market impact, performance, client feedback and uniqueness of approach.
Capitalab, a new division of BGC Brokers L.P., is led by a team of former traders and quants from sell-side institutions, Mr. Olivier Alvarez, Mr. David Bachelier and Mr. Gavin Jackson, who combine together over 30 years' experience in interest rates options trading and quantitative research. BGC Brokers L.P. is regulated by the UK Financial Conduct Authority and based in London.
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.
SOURCE BGC Partners, Inc.