- Restricts Non-essential Business Travel for Employees due to COVID-19
- Will Not Attend Upcoming Conferences
- Postpones Previously Scheduled Fenics Event for Investors and Analysts
BGC Partners, Inc. , a leading global brokerage and financial technology company, announced that it is taking certain proactive and preventative safety measures due to the spread of the novel coronavirus (“COVID-19”).
BGC has been carefully monitoring the evolving situation following the outbreak of COVID-19, which was declared a global emergency by the World Health Organization on January 30, 2020. The Company places the utmost importance on the safety and well-being of its employees, clients, and other internal and external stakeholders. After a close review of guidance by global health authorities and out of an abundance of caution, BGC has implemented temporary travel restrictions on its employees globally, effective immediately.
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Due to these restrictions, and because a significant percentage of BGC’s executives and senior managers are based outside of the US, the Company made the difficult decision to withdraw from exhibiting in or participating in various industry conferences. This included the 45th International Futures Industry Conference, which was previously scheduled to be held in Boca Raton, Florida from March 10-12, 2020. In addition, BGC is postponing its Fenics1 half-day event for sell-side analysts and professional investors, which was previously scheduled to be held in New York City on Wednesday, April 8, 2020. BGC currently expects to hold an investor event in the second half of 2020. The Company also anticipates disclosing additional financial information with respect to Fenics when it releases its financial results for the first quarter of 2020 in May of this year and in subsequent quarters.
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