BGC APPOINTS HEAD OF E-COMMERCE FOR NORTH AMERICA
NEW YORK – 17 OCTOBER 2007 – 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 Clive England has been appointed as Director, Head of e-Commerce for BGC in North America.
Based in New York, Mr England will be responsible for all of BGC’s client services, business development and support in relation to e-commerce for North America. He will report to Philip Norton, Executive Managing Director, e-Commerce who is based at BGC’s headquarters in London.
Mr England has over 15 years’ experience in financial markets. He joins BGC from GFI where he worked for five years as Head of Data and Analytics, Europe. Prior to that, he was an Interest Rate Swaps and Options Broker, specialising in the German and Swiss markets.
Commenting on the appointment, Philip Norton, Executive Managing Director, e-Commerce at BGC, said, “This is a new role that has been created in response to the rapid growth and development of BGC and its BGC Trader interface. The company’s hybrid voice and electronic brokerage services have created a need for more expertise in delivering these services globally. Clive brings great experience to our team and will play a key role for our business in North America, overseeing the expansion of e-Commerce activities there.”
“The inter-dealer marketplace is consolidating and the appointment of Clive reflects the importance we attach to employing high quality personnel to meet the challenges it presents.” he continued.
Danny LaVecchia, Executive Managing Director, North America at BGC said “We are expanding our business in North America and Clive’s appointment reflects the growing role of technology in enabling our brokers to provide the best possible service.”
Mr England said, “I am delighted to be joining BGC at such an exciting time in its development, particularly relating to the proposed merger with eSpeed. We believe that the hybrid model of being able to offer clients voice or electronic brokerage, or a combination of the two, provides maximum flexibility for clients in meeting their needs and demands.”
BGC is a leading inter-dealer broker, providing integrated voice and electronic execution and other brokerage services to banks, brokerage houses and investment banks for a broad range of global financial products including fixed income securities, foreign exchange, equity derivatives, credit derivatives, futures, structured products and other instruments. This is complemented by market data products for selected financial instruments. Named after fixed income trading innovator B. Gerald Cantor, BGC has offices in London, New York, Copenhagen, Istanbul, Milan, Nyon, Paris, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Mexico City, Toronto, Beijing (representative office). To learn more, please visit www.bgcpartners.com.
About BGC Trader
BGC Trader is a new multi-asset, BGC branded, integrated offering for voice and electronic execution of prices for the interbank and broker community. It supports multiple products including:
• Fixed income
• European corporate cash
• Credit default swaps
Rapid development will see other tradable and view only products in the BGC portfolio. Products such as interest rate swaps, emerging markets, FX options and repo markets are to follow shortly and adopt the BGC Trader front end. BGC Trader delivers the following benefits:
• Integrated, neutral marketplace combining electronic / API and broker managed liquidity, all accessible through and interactive screen
• Highly customisable and user-friendly interface, facilitating permission-based access to multiple products on a single platform
• Proven and reliable technology from eSpeed with a new concept of creative, cutting edge and customer-focused front end design
• Fully STP compliant from automated trade capture through to settlement
• Thin-client technology with seamless product updates and deployment with minimal IT support overheads
• Broker-managed products displayed as “view only” prices
• Real-time and historical price information directly to the desktop
• Global product coverage from regional desks
• Efficient page layout for maximum exposure to prices and instruments
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