BGC Partners Wins Best Inter-dealer Broker at Waters Magazine's Inaugural European Financial IT Awards.

LONDON -- BGC Partners, Inc. (Nasdaq: BGCP), one of the world's leading inter-dealer brokers, announced today that it has won the Waters Magazine award for Best Interdealer Broker in the magazine's inaugural European Financial IT Awards.

BGC Partners was recognized by Waters magazine for the strong performance of its fully electronic trading across multiple asset classes, supporting BGC's acclaimed hybrid broking model. This success can be accredited to BGC's continued investment in technology of over $100 million per year, including the development of new, proprietary technology and the ongoing addition of new products to its hybrid trading platform. In Europe this year BGC has added a number of products to BGC Trader including: US Dollar Sovereigns, UK Gilts, Asset Backed and Emerging Markets Credit Default Swaps.

BGC was also noted for its contribution to the recently launched ELX Futures exchange, for which BGC is the exclusive technology provider.

Philip Norton, Global Head of e-Commerce at BGC Partners said: "We're delighted to have been selected by Waters for this prestigious award, in recognition of our commitment to technology as a key driver of our business. We have seen fully electronic trading revenues of new products such as FX and CDS treble over the past year. The global success of our proprietary technology is helping to drive up volumes by offering customers efficient order management and execution flexibility, alongside our world class voice brokerage business."

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. 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. 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. Named after B. Gerald Cantor, who co-founded BGC's predecessor, BGC Partners has 19 offices in New York and London, as well as in Beijing (representative office), Chicago, Copenhagen, Hong Kong, Istanbul, Johannesburg, Moscow Mexico City, Nyon, Paris, Rio de Janeiro, Sao Paulo, Seoul, Singapore, Sydney, Tokyo and Toronto.

Discussion of Forward Looking Statements by BGC Partners, Inc.

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, 2008, as filed with the SEC on March 16, 2009 and any updates to such risk factors contained in subsequent 10-Q filings.