Disclosure Information:

BGC Financial Inc. (BGC) does not currently execute 
purchase and sell orders for most clients, but instead 
routes these orders to other market centers for 
execution.  
Under normal circumstances, BGC routes most orders to Lek 
Securities Corporation (LSC) for execution and routing 
services.  BGC does not receive any payment for order flow 
for routing orders to LSC.  

LSC routes all non-directed orders to an exchange, market 
maker or ECN that matches or is deemed likely to improve 
the then-current national best bid or offer (NBBO) for the 
particular security.  Certain of these venues provide 
payments or charge access fees to LSC depending on the 
characteristics of the order and any subsequent 
execution.  
Those charges and payments are passed on to BGC.  The 
details of these payments and fees are available upon 
written request.

BGC is not a market maker, but stands to share in up to 
100% of any profits generated by trading as 'riskless' 
principal with its customer orders.

BGC and LSC regularly review reports for quality of 
execution purposes.