BGC Partners Updates Its Outlook for the Third Quarter of 2014

-- BGC Partners' Third Quarter 2014 Financial Results Press Release and Conference Call Scheduled for Thursday, October 30, 2014

NEW YORK, Sept. 29, 2014 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company servicing the financial and real estate markets, today announced that it has updated its outlook for the quarter ending September 30, 2014.

The Company expects its financial results for the third quarter of 2014 to be above the high end of the range of its previously stated guidance for revenues and earnings. BGC's third quarter outlook was originally published in a press release dated July 31, 2014 as follows:

Third Quarter 2014 Outlook Compared with Third Quarter 2013 Results

• The Company expected distributable earnings revenues to be between approximately $410 million and $435 million, compared with $414.4 million.
• BGC Partners anticipated pre-tax distributable earnings to increase by between approximately 39 percent and 60 percent and to be in the range of $52 million to $60 million, versus $37.4 million.
• The Company expected its effective tax rate for distributable earnings to be approximately 15 percent, compared with 14.5 percent.[1]

This guidance assumed that the Cornish & Carey acquisition closed "in the middle of August, 2014". The actual closing was announced on August 14, 2014.

BGC plans to issue an advisory press release by 8:00 a.m. ET on Thursday, October 30, 2014. This advisory release will notify the public that a full-text financial results press release will be accessible at any of the following pages:

http://ir.bgcpartners.com (an HTML version with Excel financial tables or PDF)

http://ir.bgcpartners.com/news-releases (an HTML version with Excel financial tables or PDF)

http://www.bgcpartners.com/news-centre/press-releases (PDF only)

The Company will host a conference call on Thursday, October 30, 2014 at 10:00 a.m. ET to discuss these results.

WHO:	BGC Partners, Inc. (NASDAQ: BGCP)
WHAT:	Third Quarter 2014 financial results conference call
WHEN:	Thursday, October 30, 2014 at 10:00 a.m. ET
WHERE:	The "Investor Relations" section at http://www.bgcpartners.com
HOW:	A listing of minimum system requirements can be found here:   http://event.on24.com/view/help/ehelp.html?text_language_id=en&fh=true ...

An audio replay of the conference call is expected to be accessible at the "Investor Relations" section of http://www.bgcpartners.com within 24 hours of the live call for 365 days following the call. Additionally, call participants may dial in with the following information: