Espeed (MM) (NASDAQ:ESPD)
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eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic
marketplaces and related trading technology for the global capital
markets, and BGC Partners, a leading inter-dealer brokerage firm
providing integrated voice and electronic services to wholesale fixed
income, interest rate, foreign exchange and derivatives markets
worldwide, announced that they recently hosted the latest in a series of
Texas Hold ‘Em charity poker events to raise
money for local charitable causes.
The event at Morton’s Chicago was attended by
approximately 200 futures and government bond trading customers of
eSpeed and BGC. Participants were given a bank of “charity
chips” to begin the tournament, with the
$20,000 prize money donated to charities selected by the two top
winners. The Texas Hold ‘Em tournament is part
of a series of successful worldwide charity ‘broker
poker’ events held by eSpeed or jointly
hosted with eSpeed’s affiliate, BGC Partners,
for customers in New York, Chicago, London, Paris and Hong Kong.
The winning traders, Jamie LaGrow, from Banyan Financial LLP, selected
Canton Goodfellows, and Chicago Children’s
Charities and David Rosenthal, from Rosenthal Collins Group, chose the
Greater Chicago Food Depository. Canton Goodfellows, Canton, Michigan,
is a non-profit organization whose “goal is
to ensure that there will be no Canton child without a Christmas.”
Chicago Children’s Charities is a non-profit
volunteer organization that raises monies through fundraising activities
to support the betterment of children in the Chicago area. The Greater
Chicago Food Depository is a not-for-profit food distribution and
training center providing food for hungry people and striving to end
hunger in the city of Chicago.
Paul Saltzman, Chief Operating Officer of eSpeed, Inc., said, “As
part of our philanthropic commitment to give back to the communities
where we work and live, eSpeed is pleased to partner with our customers
to support these local charities that are working so hard to improve the
lives of others.” Pat Troy, Managing Director
of eSpeed in Chicago, added, “We’d
like to thank our customers once again for helping make this a memorable
and worthwhile event.”
Nancy Spencer, President of Canton Goodfellows said, "The news of a
generous donation from the charity poker tournament sponsored by eSpeed
and BGC Partners and won by Jamey LaGrow of Banyan Financial could not
have come at a better time for our children. This donation will allow us
to provide much needed food and gifts to over 500 needy children in
Jamey's home town of Canton. We are so very grateful to both eSpeed and
Banyan Financial for contributing to Canton Goodfellows."
Hilary Whitzleben of Chicago Children’s
Charities said, “On behalf of Chicago
Children's Charities, we thank you for your generous donation. Your
donation will make a tremendous impact to the diverse group of
beneficiaries we support. Your meaningful contribution to CCC will help
these organizations meet their goals. We cannot thank you enough!”
Kate Maehr, executive director of the Greater Chicago Food Depository
said, "The Greater Chicago Food Depository is so grateful for this
generous donation from Rosenthal Collins Group and eSpeed. We could not
provide food for nearly 90,000 hungry people every week without our
community partners."
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 November 6, 2007, as well is its definitive proxy
statement when it becomes available.
About BGC
BGC is a leading inter-dealer broker, providing integrated voice and
electronic execution and other brokerage services to banks, brokerage
houses and investment banks for a broad range of global financial
products including fixed income securities, foreign exchange, equity
derivatives, credit derivatives, futures, structured products and other
instruments. This is complemented by market data products for selected
financial instruments. Named after fixed income trading innovator B.
Gerald Cantor, BGC has offices in London, New York, Copenhagen,
Istanbul, Nyon, Paris, Mexico City, Toronto, Hong Kong, Seoul,
Singapore, Sydney, Tokyo, Beijing (representative office). To learn
more, please visit www.bgcpartners.com.