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BGC Partners' (BGCP) CEO Howard Lutnick on Q3 2015 Results - Earnings Call Transcript


Welcome to the Q3 2015 BGC Partners Inc., earnings conference call. My name is Cory and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note that this conference is being recorded.

I will now turn the call over to Jason McGruder. Mr. McGruder, you may begin.

Jason McGruder - Head of IR

Good morning to all here. Our third quarter 2015 financial results press release and presentation summarizing our results were issued this morning. This can be found at The financial results and other metrics for BGC’s majority owned division, GFI Group, Inc. are consolidated with those of BGC from March 2, 2015 on throughout today’s call. Whenever we refer to results for “the company”, we mean consolidated results for BGC Partners Inc. Throughout today’s call, we will be referring to results on a distributable earnings basis unless otherwise stated.

Please see today’s press release for GAAP results. Also see the section of today’s press release entitled Distributable Earnings, Distributable Earnings results compared with GAAP results...