LONDON, Dec. 13, 2018 /PRNewswire/ -- Capitalab, a
division of BGC Brokers LP, an entity within BGC Partners, Inc. (NASDAQ: BGCP) group of companies today announced the execution
of Capitalab's first compression cycle of OTC Interest Rate products cleared by CME Clearing.
Capitalab's compression services now support CME cleared Interest Rate Swaps (IRS) and Forward Rate Agreements alongside
bilateral Swaptions, Caps, Floors and IRS, providing a combined option and cleared swap compression service, designed to improve
compression and operational efficiency.
"We are delighted to extend our compression services to include products cleared at CME Clearing, as Capitalab seeks to
innovate by bridging the gap between cleared and non-cleared products," said Gavin
Jackson, Capitalab's London based co-founder. "We look forward
to providing compression services for more CME cleared products."
About Capitalab
Capitalab, a division of BGC Brokers LP, provides compression services that are designed to bring greater capital and
operational efficiency to the global derivatives market. It assists clients in managing the growing cost of
holding derivatives, while helping them to meet their regulatory mandates. Through the Swaptioniser® service for portfolio
compression of Interest Rate Swaptions, Interest Rate Swaps, Caps and Floors and FX Options, as well as Initial Margin
Optimisation service and fully automated trade processing, Capitalab looks to simplify the complexities of managing large
quantities of derivatives to promote sustainable growth and lower systemic risk and to improve resiliency in the industry. The
Capitalab brand is part of FENICS's fully electronic family of brands. BGC Brokers LP is authorised and regulated by the UK
Financial Conduct Authority and is based in London. BGC Brokers LP is a subsidiary of BGC Partners, Inc. (NASDAQ:
BGCP), a leading global brokerage and financial technology company.
For more information: https://www.capitalab.co.uk/
About BGC Partners, Inc.
BGC Partners is a leading global brokerage and financial technology company. BGC owns GFI Group Inc., a leading
intermediary and provider of trading technologies and support services to the global OTC and listed markets. BGC's Financial
Services offerings include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit
derivatives, commodities, futures, and structured products. BGC provides a wide range of services, including trade execution,
broker-dealer services, clearing, trade compression, post trade, information, and other 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 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.
Except as required by law, BGC undertake 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 set forth in these filings and
any updates to such risk factors contained in subsequent Forms 10-K, Forms 10-Q or Forms 8-K.
Media Contact:
Harjeet Singh
+44 207 894 8829
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SOURCE BGC Partners, Inc.