Based in New York, Mr England will be responsible for all of BGC's client services, business development and support in relation to e-commerce for North America. He will report to Philip Norton, Executive Managing Director, e-Commerce who is based at BGC's headquarters in London.

Mr England has over 15 years' experience in financial markets. He joins BGC from GFI where he worked for five years as Head of Data and Analytics, Europe. Prior to that, he was an Interest Rate Swaps and Options Broker, specializing in the German and Swiss markets.

Commenting on the appointment, Philip Norton, Executive Managing Director, e-Commerce at BGC, said, "This is a new role that has been created in response to the rapid growth and development of BGC and its BGC Trader interface. The company's hybrid voice and electronic brokerage services have created a need for more expertise in delivering these services globally. Clive brings great experience to our team and will play a key role for our business in North America, overseeing the expansion of e-Commerce activities there."

"The inter-dealer marketplace is consolidating and the appointment of Clive reflects the importance we attach to employing high quality personnel to meet the challenges it presents." he continued.

Danny LaVecchia, Executive Managing Director, North America at BGC said "We are expanding our business in North America and Clive's appointment reflects the growing role of technology in enabling our brokers to provide the best possible service."

Mr England said, "I am delighted to be joining BGC at such an exciting time in its development, particularly relating to the proposed merger with eSpeed. We believe that the hybrid model of being able to offer clients voice or electronic brokerage, or a combination of the two, provides maximum flexibility for clients in meeting their needs and demands."