NEW YORK, July 3, 2023 /PRNewswire/ -- BGC Group, Inc.
(Nasdaq: BGC) ("BGC Group," "BGC" or the "Company"), a leading
global brokerage and financial technology company (formerly BGC
Partners, Inc.), today announced that it has completed its
corporate conversion to a Full C-Corporation.
The Company has also changed its name to "BGC Group, Inc." and
changed its Nasdaq ticker symbol to "BGC" from "BGCP". The Company
has also updated its main website to http://www.bgcg.com and
its investor relations website to http://ir.bgcg.com.
Management Comments
Howard W. Lutnick, Chairman of
the Board and Chief Executive Officer of BGC, said: "Today
represents an important step for BGC, with its conversion to a
simpler, more efficient corporate structure.
We believe our new structure will attract a broader and more
diversified investor base over time. We plan to deliver growth
and significant long-term value to our shareholders. With
improving trading conditions across our business and the upcoming
launch of FMX, our electronic U.S. Treasury, Rates Futures, and
Spot FX platform, this is an exciting time to be a part of
BGC."
About BGC Group, Inc.
BGC Group, Inc. ("BGC") will
trade on Nasdaq at the market opening on July 3, 2023, under the new ticker symbol "BGC",
following the corporate conversion of its predecessor BGC Partners,
Inc. (formerly Nasdaq: BGCP). BGC is a leading global brokerage and
financial technology company. BGC, through its various affiliates,
specializes in the brokerage of a broad range of products,
including Fixed Income (Rates and Credit), Foreign Exchange,
Equities, Energy and Commodities, Shipping, and Futures. BGC,
through its various affiliates, also provides a wide variety of
services, including trade execution, brokerage, clearing, trade
compression, post-trade, information, and other back-office
services to a broad range of financial and non-financial
institutions. Through its brands, including Fenics®,
FMX™, FMX Futures Exchange™, Fenics Markets
Xchange™, Fenics Digital™, Fenics
UST™, Fenics FX™, Fenics Repo™,
Fenics Direct™, Fenics MID™, Fenics Market
Data™, Fenics GO™, Fenics
PortfolioMatch™, BGC®, BGC
Trader™, kACE2™, and Lucera®, BGC
offers financial technology solutions, market data, and analytics
related to numerous financial instruments and markets. BGC, BGC
Group, BGC Partners, BGC Trader, GFI, GFI Ginga, CreditMatch,
Fenics, Fenics.com, FMX, Sunrise Brokers, Poten & Partners, RP
Martin, kACE2, Capitalab, Swaptioniser, CBID, Caventor,
LumeMarkets and Lucera are trademarks/service marks and/or
registered trademarks/service marks of BGC and/or its
affiliates.
BGC's customers include many of the world's largest banks,
broker-dealers, investment banks, trading firms, hedge funds,
governments, corporations, and investment firms. BGC's Class A
common stock trades on the Nasdaq Global Select Market under the
ticker symbol "BGC". BGC is led by Chairman of the Board and Chief
Executive Officer Howard W. Lutnick.
For more information, please visit BGC's new website at
http://www.bgcg.com. You can also follow BGC at
http://ir.bgcg.com.
Discussion of Forward-Looking Statements about
BGC
Statements in this document regarding BGC that are
not historical facts are "forward-looking statements" that involve
risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements. These
include statements about the effects of the COVID-19 pandemic on
the Company's business, results, financial position, liquidity and
outlook, which may constitute forward-looking statements and are
subject to the risk that the actual impact may differ, possibly
materially, from what is currently expected. Except as required by
law, BGC undertakes no obligation to update 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 ("SEC") filings,
including, but not limited to, the risk factors and Special Note on
Forward-Looking Information set forth in these filings and any
updates to such risk factors and Special Note on Forward-Looking
Information contained in subsequent reports on Form 10-K, Form 10-Q
or Form 8-K, and in the SEC filings and prior reports filed with
respect to BGC's predecessor BGC Partners, Inc. with the
SEC under its prior ticker symbol BGCP.
Media Contact:
Karen Laureano-Rikardsen
+1 212-829-4975
Investor Contact:
Jason Chryssicas
+1 212-610-2426
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