BGC Partners Receives Timely Boost with Multi Awards Win; BGC awarded first place in a range of interest rate and currency products.

LONDON -- BGC Partners, L.P. a leading provider of brokerage services to wholesale fixed income, interest rate, foreign exchange and derivatives markets worldwide, announced today that it has taken first place within 21 categories in the annual Risk Magazine Inter-Dealer Awards for 2005, a timely boost before it celebrates its first anniversary on October 1st.

Risk is one of the world's leading financial risk management magazines dedicated to all aspects of financial risk management and the global derivatives markets. In this year's rankings, results were based on client votes which indicate their preferred derivative supplier by capabilities, innovation, service, liquidity and price.

BGC was awarded first place in a wide range of interest rate and currency products including:

--Interest Rate Swaps 10+year - Scandinavian

--Interest Rate Caps/Floors - US Dollar; Sterling; Swiss

--Interest Rate Swaption - US Dollar; Euro; Sterling; Swiss; Scandinavian

--Exotic Interest Rate - Volatility/Variant Swaps

--Binary/Digital

--Constant Maturity - Euro; US Dollar

--Bermudan American/Euro

--Bermudan American/Dollar

--Quantos

--Inflation Swaps US Dollar

--Cross Currency Swaps - Euro/Yen

--Vanilla Currency Options - US Dollar/Yen

--Currency Forwards - US Dollar/Swiss

BGC was also awarded second or third place in 29 additional categories which included short dated interest rate swaps, interest rate swaps 2-10 years, overnight index swaps and forward rate agreements.

Shaun Lynn, President of BGC Partners, said, "In this, our first year as a stand alone inter-dealer voice brokerage, we are naturally delighted to have been nominated by our clients for these prestigious awards. They serve to underline the rapid global expansion by the BGC Group in a year in which we more than doubled our staff to 1400, through a combination of organic growth and acquisitions."

About BGC Partners, L.P.

BGC Partners, L.P., named in honor of fixed income brokerage innovator B. Gerald Cantor, will provide brokerage services to wholesale fixed income, interest rate, foreign exchange, and derivative markets worldwide, as well as access to electronic trading services and technology support via eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic marketplaces and trading technology. With a concentration on providing superior customer service and seamless execution, BGC will enter the wholesale voice brokerage market with unparalleled strengths, based on decades of brokerage experience and its strong relationship with eSpeed.