BGC Group, Inc.

Overview

Global marketplace, data, and financial technology company operating across electronic and over-the-counter (OTC) financial markets.
Specializes in brokerage and trade execution across listed derivatives, physical commodities (oil, refined products, environmental and energy transition markets), and ship chartering.
Provides brokerage services in fixed income (government and corporate bonds), interest rate and credit derivatives, foreign exchange, equities, and futures and options.
Offers market data, connectivity and network services, market infrastructure, and post-trade services.
Operates an integrated platform for price discovery, trade execution, and transaction processing with access to liquidity on both OTC and exchange venues.
Through its electronic brands, the company provides multiple trade execution, market data, connectivity, and post-trade services.

Brokerage and trade execution for electronic and hybrid workflows across derivatives (futures and options) and physical commodities.
Fixed income coverage including government and corporate bonds and related interest rate and credit derivatives.
Foreign exchange, equities, and related products.
Market data, information services, and connectivity/network services.
Post-trade services supporting clearing, settlement, and related workflows.
Fenics platform family — a technology-driven platform underpinning fully electronic and hybrid transactions across asset classes.
Fully electronic platforms include FMX UST (U.S. Treasuries), FMX FX, FMX Futures Exchange, and PortfolioMatch.

Joint venture/ownership structure that combines Fenics’ U.S. Treasury and Foreign Exchange businesses with a U.S. interest rate futures exchange.
As of 2024–2025, received investment and equity participation from major banks and trading firms.
Investors and terms:
- Minority equity owners include Bank of America, Barclays, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo.
- These investors collectively invested $171.7 million for 25.75% ownership of FMX, implying a post-money valuation of $666.7 million.
- An additional 10.3% equity was available to FMX Equity Partners contingent on trading-volume targets.
Product milestones:
- September 23, 2024: FMX Futures Exchange launched SOFR futures (the largest notional futures contract by activity).
- May 18, 2025: FMX Futures Exchange launched U.S. Treasury futures (initial contracts included 2-year and 5-year).

Serves a broad range of financial market participants, including:
- Global banks and broker-dealers
- Trading firms, hedge funds, and investment managers
- Governments and corporations
- Commodity trading firms and end users such as producers and consumers

Offices and presence across major geographies, including New York, London, and many international locations.
As of December 31, 2025, reported 2,510 brokers, salespeople, managers, and other front-office personnel across its businesses.

Corporate conversion (July 1, 2023):
- Converted from an Umbrella Partnership C-Corporation to a full C-Corporation.
- BGC Group became the public holding company; BGC Partners’ Class A and Class B shares converted into BGC Group Class A and Class B shares.
- Holdings reorganized: BGC Partners and related entities became subsidiaries; BGC Holdings converted from a Delaware limited partnership into a Delaware LLC via merger with Holdings Merger Sub (a wholly owned subsidiary of BGC Group).
- Exchangeable and non-exchangeable units from BGC Holdings were converted into equity awards or shares of BGC Group.
- 64.0 million Cantor units were converted into BGC Group Class B common stock, with potential exchange into Class A stock under specified conditions related to future acquisitions.
- BGC Group assumed outstanding RSUs, RSU tax accounts, and restricted stock awards of BGC Partners as of June 30, 2023.
Post-conversion structure and branding reflect BGC Group as the public holding company.

Originated from Cantor and has a long history in electronic trading innovation, including the eSpeed platform launched in 1996.
Expanded its global footprint and capabilities through strategic acquisitions and integrations such as Fenics, FMX, the Newmark spin-off, and other brokerages and energy-related businesses, growing its capabilities in trading technology, data services, and post-trade infrastructure.