BGC Partners Reports Second Quarter 2020 Financial Results

Rhea-AI Summary

BGC Partners, Inc. (NASDAQ: BGCP) reported its financial results for Q2 2020, as of June 30, 2020. The results highlight the company's ongoing resilience amidst the COVID-19 pandemic. Revenue and earnings metrics, alongside recent dividend declarations, are accessible on their official website. BGC specializes in a wide array of brokerage and financial technology services, catering to major financial institutions globally. The firm continues to leverage its technology-driven platforms to enhance its client offerings and maintain competitive advantages in the market.

Positive

• Strong diversification across financial products and services.
• Focus on technology-driven brokerage solutions and improvements.

Negative

• Potential risks associated with the ongoing COVID-19 pandemic affecting business outlook.

NEW YORK, July 30, 2020 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or the "Company"), a leading global brokerage and financial technology company, today reported its financial results for the quarter ended June 30, 2020.

A complete and full-text financial results press release, including information about today's financial results conference call and BGC's most recent dividend declaration, is accessible at the "Investors & Media" section under either "Investor Relations" or "BGC Press Releases" at http://www.bgcpartners.com. It is also available directly at any of the following web pages:

http://ir.bgcpartners.com/ (Links to the PDF version of the full press release; PDF of a quarterly results investor presentation, which discussed the Company's results and outlook; and supplemental Excel financial tables)

http://ir.bgcpartners.com/news-releases/news-releases (Links to the PDF version of the full press release; PDF of a quarterly results investor presentation, which discussed the Company's results and outlook; and supplemental Excel financial tables)

http://www.bgcpartners.com/category/bgc-releases/ (PDF version of the full release only)

(Note: If clicking on the above links does not open up a new web page, you may need to cut and paste the above URLs into your browser's address bar.)

About BGC Partners, Inc.
BGC Partners is a leading global brokerage and financial technology company. BGC specializes in the brokerage of a broad range of products, including fixed income (rates and credit), foreign exchange, equities, energy and commodities, shipping, insurance, and futures. BGC 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 brands including Fenics, BGC Trader, Capitalab, Lucera, and Fenics Market Data, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Trader, GFI, Fenics, Fenics Market Data, Capitalab, and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC Partners, Inc. 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 "BGCP". BGC Partners is led by Chairman of the Board and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com. You can also follow BGC at https://twitter.com/bgcpartners, https://www.linkedin.com/company/bgc-partners and/or http://ir.bgcpartners.com/Investors/default.aspx.

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 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.

Media Contact:
Karen Laureano-Rikardsen
+1 212-829-4975

Investor Contacts:
Ujjal Basu Roy or Jason McGruder
+1 212-610-2426

 

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SOURCE BGC Partners, Inc.

FAQ

What were BGC Partners' financial results for Q2 2020?

BGC Partners reported its Q2 2020 financial results, emphasizing resilience during the COVID-19 pandemic.

How did COVID-19 impact BGC Partners' business?

The pandemic posed risks that could impact BGC Partners' business outlook and financial performance.

Is there any dividend declared by BGC Partners in Q2 2020?

Yes, BGC Partners announced a dividend declaration alongside its Q2 2020 financial results.

What services does BGC Partners offer?

BGC Partners provides a variety of brokerage and financial technology services, serving major financial institutions worldwide.

Under what ticker symbol does BGC Partners trade?

BGC Partners' Class A common stock trades on NASDAQ under the ticker symbol 'BGCP'.