Category: news

#GivingTuesday, a day when charities, families, businesses, and communities around the world come together for one common cause: to give and give generously. As we continue our disaster relief fundraising efforts during the holiday season, please donate to the Cantor Fitzgerald Relief Fund: cantorrelief.org/donate-now.

Each year on Charity Day, Cantor Fitzgerald and its affiliates donate their global revenues to hundreds of charities around the world. To view our Cantor Fitzgerald Relief Fund work, please click here.

The Cantor Fitzgerald Relief Fund is hosting a Father’s Day online auction, today through Thursday, June 13th. Check out iconic sports memorabilia and Major League Baseball ticket packages we have available for you to browse and bid on!

100% of the proceeds from the auction will go as direct financial aid to families who have been impacted by natural disasters and emergencies.  We ask you, your friends and your family to please visit www.cantorrelief.org/auction for an opportunity to join us in making a difference in the lives of families in need.

Charity Day 2018 will take place on Tuesday, September 11, 2018. If you are interested in participating in GFI Charity Day in NYC, please click here

For more information about the Cantor Fitzgerald Relief Fund and our annual Charity Day, please visit: www.cantorrelief.org

GFI Group expands South African footprint with acquisition of Johannesburg-based interdealer broker Micromega Securities

LONDON, Dec. 22, 2016 /PRNewswire/ — GFI Group, Inc. (“GFI” or “the Company”), a subsidiary of BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC”) operating as an intermediary in the global OTC and listed markets, today announced that an affiliated entity has entered into an agreement to acquire Micromega Securities Proprietary Limited (“Micromega Securities”).

Micromega Securities operates in the South African fixed income, rates and foreign exchange markets, via its three subsidiaries: TTSA Securities (PTY) Ltd, SA International and Capital Market Brokers (PTY) Ltd and Micromega Africa Money Brokers (PTY) Ltd. GFI and Micromega Securities have operated a joint venture since 2013. Micromega Securities is currently a wholly owned subsidiary of Micromega Holdings (PTY) Ltd (JSE: MMG), a public company listed on the Johannesburg Stock Exchange.

“We recognize the opportunity to increase GFI’s footprint in the South African and the wider African marketplace by formally bringing Micromega Securities and its talented team into GFI,” said Colin Heffron, CEO of GFI Group.

Details of the transaction were not disclosed, and completion of the transaction is subject to legal and regulatory approvals and certain closing conditions.

About Micromega Securities Proprietary Limited

Founded in 1991, Micromega Securities Proprietary Limited offers interdealer brokerage services in fixed income, rates and foreign exchange products via its three operating subsidiaries: TTSA Securities (PTY) Ltd, SA International and Capital Market Brokers (PTY) Ltd and Micromega Africa Money Brokers (PTY) Ltd. The group operates from its office in Johannesburg. TTSA Securities and SA International and Capital Market Brokers are regulated in South Africa by the Johannesburg Stock Exchange. SA International and Capital Market Brokers and Micromega Africa Money Brokers are approved by the South African Reserve Bank for FX trading.

About GFI Group, Inc.

Founded in 1987 and headquartered in New York, GFI is owned by, and operates as a division of BGC. GFI is a leading intermediary in the global OTC and listed markets offering an array of sophisticated trading technologies and products to a broad range of financial market participants. More than 2,500 institutional clients benefit from GFI’s know-how and experience in operating electronic and hybrid markets for cash and derivative products across multiple asset classes, including fixed income, interest rates, foreign exchange, equities, energy and commodities.

About BGC Partners, Inc.

BGC Partners is a leading global brokerage company servicing the financial and real estate markets. BGC owns GFI Group Inc., a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets. The Company’s Financial Services offerings include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. BGC provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post trade, information, and other services to a broad range of financial and non-financial institutions. Through brands including FENICS, BGC Trader, Capitalab, and BGC Market Data, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets.

Real Estate Services are offered through brands including Newmark Grubb Knight Frank, Newmark Cornish and Carey, ARA, Computerized Facility Integration, Landauer Valuation and Advisory, and Excess Space. Under these names, the Company provides a wide range of commercial real estate services, including leasing and corporate advisory, investment sales and financial services, consulting, project and development management, and property and facilities management.

BGC’s customers include many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com. You can also follow the Company at http://twitter.com/bgcpartners and/or http://www.linkedin.com/company/bgc-partners.

BGC, BGC Trader, GFI, FENICS, FENICS.COM, Capitalab, Swaptioniser, Newmark, Grubb and Ellis, ARA, Computerized Facility Integration, Landauer, Landauer Valuation and Advisory, and Excess Space, Excess Space Retail Services, Inc., and Grubb are trademarks/service marks, and/or registered trademarks/service marks and/or service marks of BGC Partners, Inc. and/or its affiliates. Knight Frank is a service mark of Knight Frank (Nominees) Limited.

Discussion of Forward-Looking Statements about BGC Partners

Statements in this document regarding BGC’s businesses that are not historical facts are “forward-looking statements” that involve risks and uncertainties. Except as required by law, BGC undertakes no obligation to release any revisions to any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC’s Securities and Exchange Commission filings, including, but not limited to, the risk factors set forth in its public filings, including the most recent Form 10-K and any updates to such risk factors contained in subsequent Forms 10-Q or Forms 8-K.

GFI Group Inc. Announces Successful Completion of its Consent Solicitation with Respect to its 8.375% Senior Notes due 2018

NEW YORK, Jan. 13, 2016 /PRNewswire/ — GFI Group Inc. (“GFI”) announced today that it has received the consents necessary to effect an amendment (the “Amendment”) to the Indenture, dated as of July 19, 2011, between GFI and The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) (as supplemented or amended, the “Indenture”) that governs GFI’s 8.375% Senior Notes due 2018 (CUSIP No. 361652AA8) (the “Notes”). The Notes have been fully and unconditionally guaranteed by BGC Partners, Inc. (NASDAQ: BGCP) (“BGC.”)

The Amendment modifies the Indenture’s reporting covenant to provide that, so long as BGC (or another publicly reporting company controlling GFI) guarantees the Notes, the reports that BGC (or such other publicly reporting company controlling GFI) files with the Securities and Exchange Commission (the “SEC”) will be furnished to the Trustee in lieu of GFI’s SEC reports.

GFI received the consents of holders of a majority of the aggregate principal amount of the Notes on or prior to 5:00 p.m., New York City time, on January 12, 2016 (such time and date, the “Expiration Time.”) As a result, GFI, BGC and the Trustee have entered into the Second Supplemental Indenture, dated as of January 12, 2016, which effects the Amendment (the “Supplemental Indenture.”) The Supplemental Indenture was executed on January 12, 2016, and the Amendment will become operative upon payment of the consent consideration described in the following paragraph. After the Supplemental Indenture has become operative, GFI will cease filing annual, quarterly, and other reports with the SEC.

GFI will make or cause to be made to consenting holders of Notes an aggregate cash payment equal to $1,800,000, representing the aggregate Consent Fee (as defined below). The Consent Fee is an amount, per $1,000 principal amount of Notes for which a holder has delivered (prior to the Expiration Time) and not revoked (prior to the execution of the Supplemental Indenture) its consent, equal to the product of $7.50 multiplied by a fraction, the numerator of which is the aggregate principal amount of Notes outstanding at the Expiration Time and the denominator of which is the aggregate principal amount of Notes for which holders have delivered and not revoked consents (the “Consent Fee”). The amount of the Consent Fee will be approximately $8.10 per $1,000 principal amount. The Consent Fee is expected to be paid on January 15, 2016.

BofA Merrill Lynch acted as the lead solicitation agent in connection with the consent solicitation. Cantor Fitzgerald and Co. acted as the co-solicitation agent. Global Bondholder Services Corporation acted as information agent, tabulation agent and paying agent.

This announcement is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any Notes or any other securities. This announcement is also not a solicitation of consents with respect to the Amendment or any securities.

Cautionary Statement Regarding Forward-Looking Statements

Statements in this document regarding GFI’s and/or BGC’s businesses that are not historical facts are “forward-looking statements” that involve risks and uncertainties. Except as required by law, GFI and/or BGC undertake no obligation to release any revisions to any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see GFI’s and/or BGC’s respective SEC filings, including, but not limited to, the risk factors set forth in their respective public filings, including their most recent Forms 10-K and any updates to such risk factors contained in subsequent Forms 10-Q or Forms 8-K.

About GFI Group Inc.

Founded in 1987 and headquartered in New York, GFI is owned by, and operates as a division of BGC. GFI is a leading intermediary in the global OTC and listed markets offering an array of sophisticated trading technologies and products to a broad range of financial market participants. More than 2,500 institutional clients benefit from GFI’s know-how and experience in operating electronic and hybrid markets for cash and derivative products across multiple asset classes, including fixed income, interest rates, foreign exchange, equities, energy and commodities.