eSpeed to Acquire and Integrate BGC

Under terms of the deal, the new entity will be a Nasdaq-listed firm branded BGC Partners, say eSpeed and BGC officials.

"We are extremely proud of each of these two companies and their strong positions in the market place. ESpeed is the technology driver of BGC's voice and electronic broking business and BGC's growth drives eSpeed's growth," says Howard Lutnick, chairman, CEO and president of eSpeed, as well as chairman and CEO of Cantor Fitzgerald.

Once the merger is completed, which is expected

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