BGC’s European Government Bond platform formally recognised by Austrian Federal Financing Agency

London - 31 July 2008

The Austrian Federal Financing Agency and BGC Partners, Inc. (Nasdaq: BGCP) jointly announce the next step in the adoption of multi-platform environments for government bond markets within the Euro zone with the acceptance of BGC Partners’ electronic platform as a recognised source of liquidity for Austrian government debt.

Dr. Martha Oberndorfer, Managing Director of the Österreichische Bundesfinanzierungsagentur, noted: “As the marketplace continues to evolve, we wish to provide our primary dealers with the opportunity to provide quotes and execute transactions in a manner that maximises competition and innovation. We are therefore pleased to add BGC Partners to our existing platform group.”

Commenting on the decision, Philip Norton, Executive Managing Director and Global Head of e-Commerce at BGC said “BGC has listened to the issuer and primary dealer communities to ensure that their requirements are met in an enhanced, competitive environment. Offering primary dealers a wider choice as to where they post prices and trade will benefit the market as a whole.”

“There is continued momentum in Europe for the liberalisation of the government bond markets and, given this impetus, we will continue to seek partnerships with those authorities across Europe that wish to open their government bond markets to multiple platforms” he continued.

BGC’s integrated voice and electronic platform is already used by its brokers across multiple asset classes to provide wholesale banks with a choice of voice, voice-assisted, screen assisted, or fully electronic brokerage services where available. This enables greater flexibility with regard to price discovery, execution and processing of transactions.

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