NEW YORK, Oct. 30, 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 the appointment of James Cawley as Chief Executive Officer ("CEO") of its Swap Execution Facility ("SEF") subsidiary, BGC Derivative Markets, L.P. Mr. Cawley will be based in New York and report to Philip Norton, Global Head of eCommerce at BGC. In addition, BGC Partners today announced that Angelo Toglia, Interim CEO of BGC Derivative Markets, L.P., assumes the role of Chief Operating Officer. These appointments complement BGC's commitment to offer its diverse customer-base liquid and innovative trade execution capability combined with a broad range of pre- and post-trade services in the post-Dodd-Frank era.
Mr. Cawley joins BGC Derivative Markets, L.P. with twenty years of derivatives sales and trading experience. He was previously CEO of the SEF, Javelin Capital Markets, which he founded in 2009. Prior to Javelin, Mr. Cawley was CEO and co-founder of IDX Capital, a boutique credit derivative inter-dealer broker. A graduate of the University of Pennsylvania, Mr. Cawley began his career in the credit and derivatives markets working for Salomon Brothers, Lehman Brothers and Bank of America. As CEO of BGC Derivative Markets, L.P., Mr. Cawley will assume responsibility for all aspects of BGC's SEF, including spearheading its growth, business development, regulatory compliance and policy implementation.
"James Cawley brings valued industry experience and breadth of knowledge on derivatives trading and we are pleased to welcome him to BGC to lead the company's SEF," said Philip Norton, Global Head of eCommerce at BGC. He continued: "In the year since BGC's SEF began operating, our premier hybrid and fully electronic trading technology has continued to expand and improve to meet the growing needs of our clients. I am confident Mr. Cawley will ensure BGC stays at the forefront of the derivatives marketplace and he will be ably supported by Angelo Toglia, whose first-rate leadership of BGC Derivative Markets, L.P. in the interim has been valuable in supporting our customer needs and overarching business goals."
"I am delighted to join BGC which has an excellent industry reputation and a strong SEF whose exceptional hybrid business model leads the marketplace," said James Cawley, CEO of BGC's SEF. He continued: "I look forward to leveraging BGC's excellent reputation in electronic trade execution and technology to better serve our customers in these rapidly evolving derivatives markets."
About BGC Partners, Inc.
BGC Partners is a leading global brokerage company servicing the financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products. BGC also provides a wide range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a broad range of financial and non-financial institutions. Through its BGC Trader and BGC Market Data brands, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. Through the Newmark Grubb Knight Frank brand, the Company offers a wide range of commercial real estate services including leasing and corporate advisory, investment sales and financial services, consulting, project and development management, and property and facilities management. BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms. BGC's common stock trades on the NASDAQ Global Select Market (NASDAQ: BGCP) while BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.
BGC, BGC Trader, Newmark, Grubb & Ellis, and Grubb are trademarks and service marks of BGC Partners, Inc. and/or its affiliates. Knight Frank is a service mark of Knight Frank (Nominees) Limited.
Discussion of Forward-Looking Statements by BGC Partners
Statements in this document regarding BGC Partners' business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Except as required by law, BGC undertakes no obligation to release any revisions to 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 our public filings, including our most recent Form 10-K and any updates to such risk factors contained in subsequent Form 10-Q or Form 8-K filings.
SOURCE BGC Partners, Inc.