BGC Swap Pages Confirmed as Official ISDA Pricing References

LONDON--(Business Wire)--
BGC Partners, Inc. (Nasdaq:BGCP), one of the world's leading
inter-dealer brokers, announced today the acceptance of its euro
interest rate swap (EUR) and US dollar (USD) interest rate swap pages
as formally recognised price references by the International Swaps and
Derivative Association (ISDA).

Based on the endorsement of leading global banks and investment
banks, the inclusion of the prices displayed by BGC Partners is seen
by market participants as a vital step in reflecting underlying market
activity. ISDA documentation governs the terms to confirm, mark,
assign and terminate derivative transactions between counterparts and
it is clearly in the interest of ISDA members to gain access to market
prices from the leading industry providers. The pages will be
snapshots of real-time BGC screens taken at a pre-determined time
daily.

Commenting on the acceptance, Robin Clark, Executive Managing
Director at BGC Partners, said "This is a significant development for
our clients because it is a reflection of the widespread, and
rapidly-growing, use of our screens to view real-time trading prices
based on our hybrid voice, voice assisted and electronic brokerage
services in a variety of products. We believe that this will
contribute to market best practices and are publishing this data for
the benefit of ISDA members worldwide."

Nadim Mourad, Managing Director, Interest Rate Swaps at BGC
Partners in London said "We are delighted that BGC's euro and US
dollar interest rate swap pages have been formally recognised as
pricing references by ISDA and feel it reflects our position as a
market leader which has been quickly established since BGC's inception
in 2004."

In the context of the US dollar market, Rob Sutton, Managing
Director, Interest Rate Swaps in New York said "The inclusion of BGC's
USD IRS screen data within ISDA Definitions is formal recognition of
the comprehensive price information that we provide to our clients and
the wider financial marketplace. The combination of our benchmark US
Treasury and USD Interest Rate Swap liquidity, our increasing
transaction volumes and ISDA's approval are further acknowledgement of
our commitment and dedication to the Interest Rate Swap market and its
participants."

The Reuters pages BGCANTOR60 for euro and BGCANTOR50 for US dollar
will be referenced within the 2006 ISDA Definitions on 19th August
2008 and may be applied to transactions executed with effect that day.

The pages are published by BGCantor Market Data, a division of BGC
Partners and a leading global provider of derivatives, treasury, and
fixed income data to market professionals.

ISDA, which represents participants in the privately negotiated
derivatives industry, is the largest global financial trade
association, by number of member firms. ISDA was chartered in 1985,
and today has over 840 member institutions from 56 countries on six
continents.

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Note:

For any queries please contact your BGCantor Market Data
representative as follows:

Tel: US: +1 212 829 4840, Europe +44 207 894 8013
Email: marketdata@bgcantor.com

Alternatively, you may contact your local Reuters representative.
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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

London
Timo Kindred, +44 (0)207-894-7292
tkindred@bgcpartners.com
or
Adrian Thomas, +44 (0)207-894-8647
athomas@bgcpartners.com
or
New York
Florencia Panizza, +1 212 294 7938
fpanizza@bgcpartners.com

Copyright Business Wire 2008