BGC Partners Named “Interdealer Broker Of The Year” By Asia Risk Magazine

LONDON, 24th October 2008 – BGC Partners, Inc. (Nasdaq: BGCP), one of the world’s leading inter-dealer brokers, announced today that it has received the inaugural “Interdealer Broker of the Year” award from Asia Risk magazine as part of its 9th Annual Awards.

Asia Risk is one of the leading magazines in Asia covering financial markets and its basic criteria for the award were as follows: pricing provision, innovation, growth, new strategies, execution/speed, quality of market information, breadth of services and/or any new products or services provided in the past year that have proved particularly useful to clients.

Commenting on the award, Mark Webster, Executive Managing Director and General Manager of BGC Partners in Asia said “We are delighted to have received this award as ‘Interdealer Broker of the Year’ from Asia Risk, especially after a year in which so many challenges have been faced by our clients and the wider marketplace. We have worked extremely hard to meet those challenges and support our clients at all times and will continue to strive hard to do so in the future.”

Mark Spring, Executive Managing Director in Asia said “We have been very busy entering new markets and products, building our capabilities in existing markets and products through hires and acquisitions, and harnessing our proprietary technology so that clients have maximum flexibility when trading via BGC. We are very grateful for their support and for all the hard work carried out by our employees, a combination of which has enabled us to win this award.”

-ENDS-

About BGC

BGC Partners, Inc. (Nasdaq: BGCP) is a leading, fast growing, and global inter-dealer broker, specializing in the brokering of financial instruments and related derivatives products. BGC Partners provides integrated voice, hybrid, and fully electronic execution and other brokerage services to the world’s largest and most creditworthy banks, broker-dealers, investment banks, trading firms, and investment firms for a broad range of global financial products, including fixed income securities, interest rate swaps, foreign exchange, equity derivatives, credit derivatives, futures, commodities, 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. 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’s unique partnership structure and extensive employee ownership creates a distinctive competitive advantage among its peers. Named after fixed income trading innovator B. Gerald Cantor, BGC Partners has 16 offices in New York and London, as well as in Beijing (representative office), Chicago, Copenhagen, Hong Kong, Istanbul, Johannesburg, Mexico City, Nyon, Paris, Seoul, Singapore, Sydney, Tokyo and Toronto.

To learn more, please visit www.bgcpartners.com

Media Contacts:

London
Timo Kindred
+44 (0)207-894-7292
tkindred@bgcpartners.com