Published: August 19, 2010
BGC Partners Acquires Mint Partners' Key Businesses
NEW YORK & LONDON - (BUSINESS WIRE) - BGC Partners, Inc. (NASDAQ: BGCP), a leading global intermediary to the
wholesale financial markets, today announced that it has completed the
acquisition of various assets and businesses of Mint Partners and Mint
Equities through BGC Brokers, L.P., with over 100 brokers from Mint's
international business joining BGC.
Mint will conduct business as usual and maintain its unique brand name
and market identity as a division of BGC. Teams from Mint and BGC have
worked together closely to ensure that Mint's clients find the
transition operationally to be seamless.
Shaun Lynn, President of BGC Partners, said, "We are delighted to
welcome Richard Barnett, Timothy Bullman, and the highly talented Mint
group as part of BGC. Selective acquisitions, hiring experienced
brokers, and investing in our proprietary technology have been key
drivers of BGC's growth. With the addition and continuing growth of the
Mint brand, and the opportunity to offer our globally-recognized,
world-class technology platform to our new colleagues, we expect to
augment our offerings to clients and expand our customer relationships."
Mr. Lynn noted that Mint's co-founders, Messrs. Barnett and Bullman,
remain co-CEOs of the Mint business and also have become Senior Managing
Directors of BGC.
In a joint statement, Messrs. Barnett and Bullman said, "From our
initial focus on the institutional equities market when we created Mint
six years ago, the firm's scope has steadily broadened to serving
clients across credit, rates, foreign exchange, commodities and energy
products. BGC's strong balance sheet, global presence and preeminent
technology platform, which were key factors in our decision to become
part of BGC, create a tremendous opportunity to bring new capabilities
and levels of service to our loyal clients worldwide."
Cantor Fitzgerald acted as an adviser in connection with this
transaction.
About BGC Partners, Inc.
BGC Partners is a leading global intermediary to the wholesale financial
markets, specializing in the brokering of a broad range of financial
products, including fixed income securities,
interest rate swaps, foreign exchange, equities, equity derivatives,
credit derivatives, commodities, futures, structured products and other
instruments. BGC Partners also provides a full 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. BGC Partners' integrated
platform is designed to provide flexibility to customers with regard to
price discovery, execution and processing of transactions, and enables
them to use voice, hybrid, or, where available, fully electronic
brokerage services in connection with transactions executed either OTC
or through an exchange. Through its eSpeed and BGC Trader brands, BGC
Partners uses its proprietary, built, and paid for technology to operate
multiple buyer, multiple seller real-time electronic marketplaces for
the world's most liquid capital markets.
The Company's pioneering suite of tools provides end-to-end transaction
solutions for the purchase and sale of financial products over its
global private network or via the Internet. BGC Partners' neutral
platform, reliable network, straight-through processing and superior
products make it the trusted source for electronic trading for the
world's largest financial firms. Through its BGCantor Market Data brand,
the Company also offers globally distributed and innovative market data
and analysis products for numerous financial instruments and markets.
BGC Partners' customers include many of the world's largest banks,
broker-dealers, investment banks, trading firms, hedge funds,
governments and investment firms. BGC's unique partnership structure and
extensive employee ownership create a distinctive competitive advantage
among its peers. Named after fixed income trading innovator B. Gerald
Cantor, BGC Partners has 20 offices, located in New York and London, as
well as in Beijing, Chicago, Copenhagen, Hong Kong, Istanbul,
Johannesburg, Mexico City, Moscow, Nyon, Paris, Rio de Janeiro, São
Paulo, Sarasota, Seoul, Singapore, Sydney, Tokyo and Toronto. For more
information, visit http://www.bgcpartners.com.
Discussion of Forward-Looking Statements by BGC Partners
Statements in this press release regarding BGC Partners' 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 Partners'
Securities and Exchange Commission (SEC) filings, including, but not
limited to, the risk factors set forth in our public filings which we
incorporate by reference, including our Form 10-K for the year ended
December 31, 2009, as filed with the SEC on March 16, 2010 and any
updates to such risk factors contained in subsequent 10-Q filings.

BGC Partners, Inc.
Media:
Robert Hubbell, 646-226-9125
rhubbell@bgcpartners.com
or
Florencia
Panizza, 212-294-7938
fpanizza@bgcpartners.com
or
Investors:
Jason
McGruder, 212-829-4988
jmcgruder@bgcpartners.com
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