D’Arcy Miell promoted to Global Head of Inflation Products at BGC

London, UK – 26 June 2006 – BGC, a leading inter-dealer brokerage firm providing integrated voice and electronic services to wholesale fixed income, interest rate, foreign exchange and derivatives markets worldwide, announced today that D’Arcy Miell has been promoted to Global Head of Inflation Products.

In this new role, D’Arcy will be responsible for the growth of BGC’s inflation derivatives and cash businesses in Europe and the UK, whilst also continuing to head up US inflation. Reporting to Robin Clark, Executive Managing Director at BGC, he will also be responsible for a team of ten brokers and will specifically look to expand BGC’s presence in UK Inflation Derivatives.

D’Arcy arrives from BGC’s New York office after three years having served as Director of US Inflation Derivatives, during which time he has been instrumental in the set up and rapid growth of BGC’s US inflation business. He brings with him over 21 years of experience within the financial markets industry and excellent knowledge of BGC and the inflation products arena.

Robin Clark, Executive Managing Director at BGC said, “We are excited that D’Arcy Miell has joined our Inflation Desk in London. He has demonstrated his expertise in inflation derivatives and the wider financial industry, by playing an important part in the growth of BGC’s business in the US and we anticipate him having the same impact here.”

“I am very pleased to have the opportunity to further expand a business area which has seen tremendous growth during the last five years,” said D’Arcy Miell. “The continued investment and expansion of the team highlights BGC’s commitment to this area and I look forward to working in my new role to continue this expansion in Europe and the UK.”

About BGC
BGC is a leading inter-dealer broker, providing integrated voice and electronic services for wholesale market participants worldwide. BGC is active in the global fixed income, interest rate, foreign exchange and derivative markets, offering both telephone and screen-based price discovery, trade execution, straight-through processing and access to electronic trading services from eSpeed Inc. (Nasdaq: ESPD). The firm, named after fixed income trading innovator B. Gerald Cantor, has offices in London, New York, Paris, Tokyo, Sydney, Hong Kong, Singapore, Nyon and Milan. To learn more, please visit  www.bgcpartners.com.


Contacts:

Timo Kindred
44-207-894-7292
tkindred@bgcpartners.com

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