BGC Partners Updates its Outlook for the Third Quarter of 2020

NEW YORK, Sept. 30, 2020 /PRNewswire/ — BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC” or the “Company”), a leading global brokerage and financial technology company, today announced that it has updated its outlook for the quarter ending September 30, 2020.

Updated Outlook
Against a backdrop of lower industry volumes across rates, foreign exchange, and credit,1 BGC’s revenue and pre-tax Adjusted Earnings for the third quarter of 2020 are now expected to be between the mid-point and the low-end of the range of its previously stated outlook.┬áThe Company’s outlook was contained in BGC’s financial results press release issued on July 30, 2020, which can be found at https://ir.bgcpartners.com.

Non-GAAP Financial Measures
This document contains non-GAAP financial measures that differ from the most directly comparable measures calculated and presented in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”). Non-GAAP financial measures used

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