BGC Adds Bank Capital Products To Integrated Trading Platform

London – 2 March, 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, today announced that bank capital products have been added to its platforms.

Commenting on the new addition, Philip Norton, Head of e-Commerce at BGC said “Electronic trading of credit derivatives has become a very effective and popular method of executing trades for the market. The addition of bank capital products makes it easier for wholesale entities to trade multiple products on one platform, with the benefit of straight through processing on voice and electronic trades.”

The integrated model enables banks to choose voice, electronic, or a combination of the two when assessing opportunities. Howard Wright, Head of Bank Capital at BGC said “The euro subordinated debt market has now reached a level of maturity and spread tightening, where the advantages of electronic trading are clear to all market participants. The combination of a user-friendly interactive screen and experienced, professional brokers adding value, will lead to a more competitive market place.”

Notes to editors:

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

Media Contacts:

Adrian Thomas – London

Michael Geller – New York