BGC Financial Group, Inc.

BGC Financial Group, Inc. owns and operates an inter-dealer brokerage company. It offers cash deposits and other money market instruments; interest rate and credit derivatives; emerging market debt and related products; various other fixed income securities, including convertible bonds, United States of America treasury securities, and federal agency bonds; and United States of America treasury, federal agency, and mortgage-backed repurchase agreements. The company also conducts institutional sales and trading operations in municipal bonds, corporate bonds, convertible securities, and equities, as well as provides institutional securities financing. BGC Financial Group, Inc. was formerly known as Maxcor Financial Group, Inc. The company was incorporated in 1994 and is based in New York, New York. As of May 20, 2005, BGC Financial Group, Inc. operates as a subsidiary of BGC Partners, L.P.