BGC Partners Announces Launch Of European Power Desk

BGC Partners, Inc. (NASDAQ: BGCP) ("the Company" or "BGC"), a leading global brokerage company servicing the wholesale financial and real estate markets, today announced the launch of its European Power desk.

Based in London, BGC's European Power desk will focus on brokering power products in the French, German and Polish markets. The launch highlights BGC's growing global energy practice, which includes its oil options, softs and base metal teams in London, BGC Radix Energy in Asia, as well as its U.S. energy derivatives desk, environmental energy commodities desk, and Houston-based electricity, natural gas and environmental group.

"BGC has steadily increased its focus on energy, a sector we believe offers plenty of growth opportunities for the interdealer broker industry," Shaun D. Lynn, President of BGC. "This announcement underscores our am