eSpeed Fourth Quarter and Full Year 2007 Financial Results Announcement to be Made After Close of Market on Wednesday, February

  
    
  
  
    
      eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic 
      marketplaces and related trading technology for the global capital 
      markets, announced today that it will release its fourth quarter and 
      full year 2007 financial results after the close of market on Wednesday 
      February 27, 2008. The Company will host a conference call on Thursday, 
      February 28, 2008, at 8:30 a.m. EST to discuss these results.
    
    
      
        
          
            WHO:
          
        
        
           
        
        
          eSpeed, Inc. (NASDAQ: ESPD)
        
      
      
        
        
        
        
        
           
        
      
      
        
          
            WHAT:
          
        
        
        
        
          Fourth quarter and full year 2007 earnings conference call
        
      
      
        
        
        
        
        
           
        
      
      
        
          
            WHEN:
          
        
        
        
        
          Thursday, February 28, 2007, at 8:30 a.m. EST
        
      
      
        
        
        
        
        
           
        
      
      
        
          
            WHERE:
          
        
        
        
        
          
            The "Investor Info" section at www.espeed.com
          
        
      
      
        
        
        
        
        
           
        
      
      
        
          
            HOW:
          
        
        
        
        
          Listeners must have a Real Media or Windows Media plug-in
        
      
      
        
        
        
        
        
          and headphones or speakers in order to listen to the
        
      
      
        
        
        
        
        
          webcast or its replay.
        
      
    
    
      Additionally, call participants may dial in with the following 
      information:
    
    
      
        
          Dial In:
        
        
           
        
        
          888-680-0865
        
      
      
        
           
        
      
      
        
          International Dial In:
        
        
        
        
          617-213-4853
        
      
      
        
           
        
      
      
        
          Participant Passcode:
        
        
        
        
          24983594
        
      
      
        
           
        
      
      
        
          
            Pre Registration: https://www.theconferencingservice.com/prereg/key.
          
        
      
      
        
          
            process?key=PA9GKUGTB
          
        
      
      
        
          
            (Due to its length, this URL may need to be copied/pasted into your
          
        
      
      
        
          
            Internet browser's address field.  Remove the extra space if one
          
        
      
      
        
          
            exists.)
          
        
      
      
        
           
        
      
      
        
          Replay(1):
        
        
        
        
          888-286-8010
        
      
      
        
           
        
      
      
        
          International Replay:
        
        
        
        
          617-801-6888
        
      
      
        
           
        
      
      
        
          Replay Passcode:
        
        
        
        
          91298418
        
      
    
    
      About eSpeed, Inc.
    
    
      eSpeed, Inc. (NASDAQ: ESPD) is a leader in developing and deploying 
      electronic marketplaces and related trading technology that offers 
      traders access to the most liquid, efficient and neutral financial 
      markets in the world. eSpeed operates multiple buyer, multiple seller 
      real-time electronic marketplaces for the global capital markets, 
      including the world's largest government bond markets and other fixed 
      income and foreign exchange marketplaces. eSpeed's suite of marketplace 
      tools provides end-to-end transaction solutions for the purchase and 
      sale of financial products over eSpeed's global private network or via 
      the Internet. eSpeed's neutral platform, reliable network, 
      straight-through processing and superior products make it the trusted 
      source for electronic trading at the world's largest fixed income and 
      foreign exchange trading firms and major exchanges. To learn more, 
      please visit www.espeed.com.
    
    
      On May 29, 2007, eSpeed announced that it had entered into an Agreement 
      and Plan of Merger, dated as of May 29, 2007 with BGC Partners, Inc. (“BGC 
      Partners”); Cantor Fitzgerald, L.P. (“Cantor”); 
      BGC Partners, L.P., a Delaware limited partnership; BGC Global Holdings, 
      L.P., a Cayman Islands exempted limited partnership; and BGC Holdings, 
      L.P., a Delaware limited partnership pursuant to which eSpeed will 
      acquire BGC Partners through a merger of BGC Partners with and into 
      eSpeed. For more information, see eSpeed’s 
      Report on Form 8-K dated May 29, 2007, and its preliminary proxy 
      statement dated December 28, 2007, as well is its definitive proxy 
      statement when it becomes available.
    
    
      Important Information
    
    
      In connection with the proposed Merger, the Company filed a preliminary 
      proxy statement on December 28, 2007, and intends to file a definitive 
      proxy statement and related materials with the U.S. Securities and 
      Exchange Commission (the “SEC”) 
      for the meeting of stockholders to vote on the proposed Merger. BECAUSE 
      THOSE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION, HOLDERS OF THE 
      COMPANY’S COMMON STOCK ARE URGED TO READ THEM 
      CAREFULLY, IF AND WHEN THEY BECOME AVAILABLE. The preliminary proxy 
      statement and related materials are, and the definitive proxy statement, 
      when it becomes available, will be available for free (along with any 
      other documents and reports filed by the Company with the SEC) at the SEC’s 
      website, www.sec.gov, and at the Company’s 
      website, www.espeed.com.
    
    
      Participant Information
    
    
      The Company and its directors and executive officers may be deemed to be 
      participants in the solicitation of proxies from the Company’s 
      stockholders in connection with the proposed Merger. Certain information 
      regarding the participants and their interests in the solicitation are 
      set forth in the Company’s Annual Report on 
      Form 10-K/A for the year ended December 31, 2006, which was filed with 
      the SEC on August 23, 2007, and is set forth in the preliminary proxy 
      statement filed with the SEC on December 28, 2007, and will be set forth 
      in its definitive proxy statement when it becomes available for the 
      Company’s meeting of stockholders to vote on 
      the proposed Merger. Stockholders may obtain additional information 
      regarding the proposed Merger by reading the preliminary proxy statement 
      and the definitive proxy statement and the related materials relating to 
      the proposed Merger when they become available.
    
    
      Discussion of Forward-Looking Statements
    
    
      The information in this release contains forward-looking statements 
      within the meaning of Section 27A of the Securities Act of 1933, as 
      amended, and Section 21E of the Securities Exchange Act of 1934, as 
      amended. Such statements are based upon current expectations that 
      involve risks and uncertainties. Any statements contained herein that 
      are not statements of historical fact may be deemed to be 
      forward-looking statements. For example, words such as “may,” 
      “will,” “should,” 
      “estimates,” “predicts,” 
      “potential,” “continue,” 
      “strategy,” “believes,” 
      “anticipates,” “plans,” 
      “expects,” “intends” 
      and similar expressions are intended to identify forward-looking 
      statements.
    
    
      The actual results of eSpeed, BGC or the combined company in the merger (“we”, 
      “our” or the “combined 
      company”) and the outcome and timing of 
      certain events may differ significantly from the expectations discussed 
      in the forward-looking statements. Factors that might cause or 
      contribute to such a discrepancy for eSpeed, BGC and/or the combined 
      company include, but are not limited to, the combined company’s 
      relationship with Cantor and its affiliates and any related conflicts of 
      interests, competition for and retention of brokers and other managers 
      and key employees, pricing and commissions and market position with 
      respect to any of our products, and that of the combined company’s 
      respective competitors, the effect of industry concentration and 
      consolidation, and market conditions, including trading volume and 
      volatility, as well as economic or geopolitical conditions or 
      uncertainties. Results may also be impacted by the extensive regulation 
      of our respective businesses and risks relating to compliance matters, 
      as well as factors related to specific transactions or series of 
      transactions, including credit, performance and unmatched principal risk 
      as well as counterparty failure. Factors may also include the costs and 
      expenses of developing, maintaining and protecting intellectual 
      property, including judgments or settlements paid or received in 
      connection with intellectual property or employment or other litigation 
      and their related costs, and certain financial risks, including the 
      possibility of future losses and negative cash flow from operations, 
      risks of obtaining financing and risks of the resulting leverage, as 
      well as interest and currency rate fluctuations.
    
    
      Discrepancies may also result from such factors as the ability to enter 
      new markets or develop new products, trading desks, marketplaces or 
      services and to induce customers to use these products, trading desks, 
      marketplaces or services, to secure and maintain market share, to enter 
      into marketing and strategic alliances, and other transactions, 
      including acquisitions, dispositions, reorganizations, partnering 
      opportunities, and joint ventures, and the integration of any completed 
      transactions, to hire new personnel, to expand the use of technology for 
      screen-assisted, voice-assisted and fully electronic trading and to 
      effectively manage any growth that may be achieved. Results are also 
      subject to risks relating to the proposed merger and separation of the 
      BGC businesses and the relationship between the various entities, 
      financial reporting, accounting and internal control factors, including 
      identification of any material weaknesses in our internal controls, our 
      ability to prepare historical and pro forma financial statements and 
      reports in a timely manner, and other factors, including those that are 
      discussed under “Risk Factors” 
      in each of eSpeed’s Annual Report on Form 
      10-K/A for the year ended December 31, 2006, which was filed with the 
      SEC on August 23, 2007 and preliminary proxy statement filed with the 
      SEC on December 28, 2007
    
    
      We believe that all forward-looking statements are based upon reasonable 
      assumptions when made. However, we caution that it is impossible to 
      predict actual results or outcomes or the effects of risks, 
      uncertainties or other factors on anticipated results or outcomes and 
      that accordingly you should not place undue reliance on these 
      statements. Forward-looking statements speak only as of the date when 
      made and we undertake no obligation to update these statements in light 
      of subsequent events or developments.
    
    
      1 (available from 02/28/2008 10:30 AM to 
      03/06/2008 11:59 PM)