BGC Announces It Has Resolved Matters With The FCA

BGC Partners, L.P., a subsidiary of BGC Partners, Inc.

("BGC Partners," or "BGC"), a leading global brokerage company primarily servicing the financial and real estate markets, today announced that following detailed discussions with the FCA, BGC has resolved matters with the FCA regarding exceeding a 10% stake in GFI Group Inc.

("GFI") without first informing and seeking the approval of the FCA pursuant to the UK's controller requirements. This is a breach of UK regulatory law. BGC acknowledges the breach and is working with the FCA to ensure that changes are made to its systems and controls to ensure that such a breach does not occur again. In light of this, and the particular circumstances of this breach, the FCA has taken the view that it is not appropriate in this specific case for it to take any formal action. However, the FCA has expressed its disappointment at the breach and has reiterated the seriousness with which it views such breaches and its willingness to take action in appropriate circumstances. BGC also announces that it has received approval from the FCA to acquire control of GFI and thereby take control of the UK regulated firms within GFI Group. The tender offer is currently scheduled to expire at 12:00, midnight New York City time, at the end of the day today, November 19, 2014, unless extended. The full terms and conditions of the tender offer are set forth in the offering documents that BGC filed with the Securities and Exchange Commission ("SEC") on October 22, 2014, as have been and may be amended from time to time.