BGC

BGC Group, Inc. is a leading global brokerage and financial technology company serving institutional clients in the financial markets. Headquartered in New York City, BGC operates through two main divisions: its traditional voice and hybrid brokerage business, and its fully electronic Fenics platform. The company provides brokerage services and technology solutions for trading fixed income, foreign exchange, equities, energy, commodities, and derivatives. BGC serves banks, broker-dealers, hedge funds, asset managers, corporations, and government entities worldwide. BGC's brokerage operations connect buyers and sellers in wholesale financial markets, facilitating price discovery and execution for complex, large-size transactions that require market expertise and client relationships. The company's brokers leverage deep product knowledge, market intelligence, and global client relationships to execute trades across asset classes. BGC's hybrid model combines voice brokerage with electronic execution, allowing clients flexibility in how they access markets. The Fenics platform represents BGC's fully electronic offering, providing multi-asset electronic trading solutions with advanced technology, data, and post-trade services. The company generates revenue primarily from commissions on executed transactions, with additional income from market data, software licensing, and post-trade services. BGC has pursued strategic acquisitions to expand capabilities, geographic reach, and asset class coverage. The company competes in a dynamic environment characterized by regulatory changes, electronic trading growth, and competitive pressures on commission rates. BGC differentiates through its hybrid model combining relationship-based voice brokerage with advanced electronic platforms, global scale, product breadth, and technology innovation. The company benefits from market volatility which drives trading volumes while continuing to invest in technology to enhance electronic trading capabilities and client connectivity.