BGC Group Opens New Office In Copenhagen, Denmark

Copenhagen, Denmark – July 31, 2006 – BGC, a leading inter-dealer broker, providing integrated voice and electronic  services for wholesale market participants worldwide, today announced the opening of a new office in Copenhagen, Denmark, further expanding BGC’s global footprint within the financial markets.

The new office will be based in Copenhagen’s financial district at Bremerholm 1, and will provide brokerage of short and long end interest rate derivatives in the following products: interest rate swaps, forward rate agreements, overnight index swaps, foreign exchange forwards, and government bonds.

Kim SØhald and Claus Riekehr, both Managing Directors of the Scandinavian Derivatives Desk for BGC, will head up the new office having worked for BGC since January of 2004. They have more than 15 years experience within the financial markets, the majority of which has been working specifically within Scandinavia.

The opening of a Copenhagen office represents the latest addition to the rapidly expanding network of global offices at BGC. The company sees Scandinavia as an important market to further expand its existing product lines and, where possible, endeavour to serve its clients locally. With the addition of Copenhagen, BGC now has five offices across Europe, including London, Paris, Milan and Nyon.

Commenting on the launch, SØhald said, “We are delighted to be opening a new office in the heart of Scandinavia. This is a key region for us, and one in which we have many clients. We believe that offering a local service will benefit both our clients and the business as we continue to move forward.”

Riekehr added: “We remain committed to delivering superior customer service to our extensive Scandinavian client base. Our local presence, relationships with customers, and knowledge of the markets will enhance our offering to existing and new clients and enable us to continue delivering the service our customers expect.”

Jean-Pierre Aubin, President of Continental Europe at BGC said, “Copenhagen is the first of our new offices since our Paris opening last year. We want to be close to our clients and look forward to working with them and seeing strong growth in a wide range of products.”

The office will be a branch of MIS Brokers Limited, part of the BGC Group which has almost trebled in size since its launch in 2004, through a combination of organic growth and acquisitions.

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 group has offices in London, New York, Copenhagen, Paris, Milan, Nyon, Hong Kong, Singapore, Tokyo, and Sydney.

Adrian Thomas
+44 (0) 20 7894 8647