BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC” or the “Company”), a leading global brokerage and financial technology company, today provided an update on its operations, financial results, and other relevant financial information.Management CommentsHoward W. Lutnick, Chairman and Chief Executive Officer of BGC said: “In these unprecedented and difficult times, all of us at BGC Partners wish to express sympathy for all who have been experiencing the pain and stress of this global health and financial crisis.“I have never been more proud of our team, who have come together and worked with extraordinary dedication from remote locations, all while facing enormous uncertainty.

We will continue to adapt as conditions change.”Shaun D. Lynn, President of BGC, added: “We are inspired by the selfless dedication of the health care workers and first responders during this escalating public health crisis.

The Company’s initial outlook was contained in BGC’s financial results press release issued on February 6, 2020, which can be found at http://ir.bgcpartners.com.

BGC expects to release its first quarter financial results before market open on May 5, 2020.

The proceeds from the revolving credit facility may be used for general corporate purposes.Future DividendsGiven the ongoing macroeconomic uncertainty, after consultations with its Board of Directors, BGC expects to reduce its quarterly dividend to one cent per common share.

Non-GAAP financial measures used by the Company include “Adjusted Earnings before noncontrolling interests and taxes”, which is used interchangeably with “pre-tax Adjusted Earnings”; “Post-tax Adjusted Earnings to fully diluted shareholders”, which is used interchangeably with “post-tax Adjusted Earnings”; “Adjusted EBITDA”; and “Liquidity”.

Digital technology allows chemical suppliers to release more than $200 billion in new value by reducing service costs, increasing pricing, and gaining growth from competitors.In the past decade, the chemical industry has achieved great success, bringing more value to shareholders than its upstream suppliers and downstream customers, or even the entire global stock market.But experience shows that we cannot be complacent.

If today's chemical suppliers continue to follow the same path, they can not expect to continue to get higher returns than the market.

However, many traditional productivity levers are now exhausted.

For the $3.8 trillion chemical industry per year, the application of ready-made digital methods for marketing and sales to reduce service costs and improve pricing can bring about $105 billion to $205 billion of EBITDA per year.

In addition, companies that are quick to move and actively deploy digital tools can steal customers and revenue from less flexible peers, resulting in additional revenue of $45 billion to $65 billion.We estimate that the additional EBITDA generated by chemical suppliers will also improve the return on sales performance.

Similarly, fast-growing companies are expected to make considerable profits.Other B2B industries are demonstrating this approach - the introduction of digital tools, technologies and methods, which also apply to the chemical environment.