eSpeed (ESPD) Stockholders Approve Merger; Company to be Re-Named BGC Partners - Stock Symbol BGCP

March 14, 2008 12:04 PM EDT

eSpeed, Inc. (NASDAQ: ESPD) announced that the company's stockholders have approved the Company’s merger with BGC Partners.

At eSpeed’s special meeting of stockholders held earlier today, of those voting, stockholders representing approximately 99.5% of the voting power of eSpeed’s shares adopted the Agreement and Plan of Merger, dated as of May 29, 2007, as amended as of November 5, 2007 and February 1, 2008, by and among eSpeed, BGC Partners, Inc., Cantor Fitzgerald, L.P., BGC Partners, L.P., BGC Global Holdings, L.P. and BGC Holdings, L.P., pursuant to which, among other things, BGC Partners will be merged with and into eSpeed, with eSpeed surviving the merger. This merger is expected to close on or about April 1, 2008. Upon the closing, the Combined Company will be re-named “BGC Partners, Inc.� and will trade on the NASDAQ Global Select Market under the symbol “BGCP.�

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• Cantor Fitzgerald

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