BGC Group
BGC Group is a global institutional brokerage and financial technology company operating across more than 20 markets. It provides voice, hybrid, and electronic trade execution across 200+ financial products in fixed income, FX, equities, energy, and commodities to the world's largest banks, hedge funds, governments, and corporates.
- Company typePublic
- Founded2004
- HeadquartersNew York, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What BGC Group does
BGC Group is a global institutional brokerage and financial technology company that provides trade execution, broker-dealer services, clearing, processing, and market data across more than 200 financial products spanning fixed income, interest rate swaps, foreign exchange, equities, equity and credit derivatives, commodities, energy, shipping, and structured products. Headquartered in New York and London with offices in more than 20 major markets, the firm serves the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, and corporations through voice, hybrid, and fully electronic execution channels. The company is publicly traded on NASDAQ under ticker BGC following its 2023 corporate conversion to a C-Corporation, and employs approximately 4,560 people.
BGC Group firmographics
Firmographics- Name
- BGC Group
- Legal name
- BGC Group, Inc.
- Website
- https://bgcg.com
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- BGC Group is a global institutional brokerage and financial technology company operating across more than 20 markets. It provides voice, hybrid, and electronic trade execution across 200+ financial products in fixed income, FX, equities, energy, and commodities to the world's largest banks, hedge funds, governments, and corporates.
- Ownership category
- akta.pro rank
Where BGC Group is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices18 records
Markets served
BGC Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Brokerage Commissions: Commissions from trade execution and broker-dealer services across fixed income, foreign exchange, equities, energy, commodities, and shipping asset classes. Q4 2025 brokerage revenues grew 34.6% year-over-year with 92.0% increase in energy, commodities, and shipping segments.
- Market Data and Analytics: Revenue from Fenics Market Data and other data services providing financial market information and analytics to institutional clients
- Technology Services: Fees from electronic trading platforms, software services, and connectivity solutions including BGC Trader, FMX, and Lucera
- Trade Execution and Processing: Clearing, trade compression, post-trade, and back-office services for financial and non-financial institutions
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Institutional brokerage services with customized pricing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
BGC Group product offering
Product offeringCore offering
BGC Group is a global wholesale brokerage and financial technology company providing trade execution, broker-dealer services, clearing, processing, and market data/analytics across more than 200 financial products including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. Execution is delivered through voice, hybrid, and fully electronic channels, supported by proprietary platforms such as the Fenics suite, FMX Futures Exchange, BGC Trader, BGCPro, GBX, ColleX, Lucera, and a Swap Execution Facility.
Product overview
BGC Group is a global brokerage and financial technology company offering a platform-plus-products architecture. The core offering centers on the Fenics platform suite for market data and analytics, combined with the FMX exchange platform for electronic trading of U.S. Treasuries, futures, and FX. The company provides trade execution services through multiple platforms including BGCPro (multi-asset voice/electronic execution), GBX (order management), and ColleX (collateral trading). Connectivity is supported through Lucera. Recent 2026 launch of BGC Compute Infrastructure Markets (CIM) extends the company's commodity trading expertise into AI infrastructure. Additional products include Algomi (fixed income data/surveillance), Honeycomb (data aggregation), and environmental brokerage services. The company operates a SEF for derivatives trading and serves clients across rates, credit, FX, equities, and energy/commodities asset classes.
Differentiator
Problem solved
Functional benefit
Brands
- Fenics: Financial technology solutions, market data and analytics platform for financial instruments and markets
- FMX
- FMX Futures Exchange
- Fenics Markets Xchange
- Fenics Digital
- Fenics UST
- Fenics FX
- Fenics Repo
- Fenics Direct
- Fenics MID
- Fenics Market Data
- Fenics GO
- Fenics PortfolioMatch
- BGC Trader
- CreditMatch
- Collex
- kACE2
- BGC Compute Infrastructure Markets
- Algomi
- Honeycomb
- Sunrise Brokers
Products and services
- Fenics Platform Suite Comprehensive financial technology platform brand encompassing Fenics Markets Xchange (FMX), Fenics Digital, Fenics UST, Fenics FX, Fenics Repo, Fenics Direct, Fenics MID, Fenics Market Data, Fenics GO, and Fenics PortfolioMatch for trading, market data, and analytics across fixed income, FX, equities, and derivatives asset classes.
- FMX Futures Exchange CFTC-approved U.S. interest rate futures exchange and spot foreign exchange platform for fully electronic trading of U.S. Treasuries, U.S. Interest Rate Futures, and Foreign Exchange, with SOFR futures trading. Holds approximately 40% of US Treasury bond trading market share.
- BGC Trader Multi-asset integrated voice and electronic price execution platform for the inter-bank and broker community, providing access to multiple products and liquidity pools with real-time pricing and historical data across multiple asset classes.
- BGCPro Multi-asset integrated voice and electronic price execution software for the inter-bank and broker community, supporting fixed income, European corporate cash, credit default swaps, i-Traxx, and FX options.
- GBX Financial software for accessing financial information, managing orders, and trading instruments. Integrates group-wide liquidity into a single distribution channel with customizable trader controls.
- ColleX Collateral trading utility and marketplace providing T+0 marketplace for pricing, trading, and sourcing collateral, including liquidity hub and repo services for accessing global collateral markets.
- Lucera Connectivity platform providing institutional-grade market structure for AI infrastructure, price discovery, risk management, and execution services. Part of BGC Group's technology suite supporting trading and market data distribution.
- BGC Compute Infrastructure Markets (BGC CIM) New division within Energy, Commodities and Shipping business focused on the secondary market for compute and memory capacity driven by AI adoption. Provides institutional-grade brokerage for price discovery, risk management, and execution in AI infrastructure markets.
- Swap Execution Facility (SEF) Regulated swap execution facility operating since October 2013 under Dodd-Frank regulations, providing flexible approach to electronic clearing and execution of derivatives trades via Central Limit Order Book, RFQ, and voice systems.
- Fenics Market Data Leading market data business providing financial data, analytics, and information services related to financial instruments and markets. Award-winning market data provider recognized multiple times including Best Market Data Provider awards.
- Algomi Financial software providing connectivity between dealers and buy-side clients for low latency trade execution and transmission of financial data. Includes ALFA for fixed income data aggregation and market surveillance.
- Honeycomb Financial data aggregation and management software designed to enhance collaboration and communication between investors and dealers to increase liquidity options for illiquid bonds.
- Energy, Commodities and Shipping Brokerage World's largest energy, commodities, and shipping brokerage services following the 2025 OTC Global Holdings acquisition, covering oil, refined products, biofuels, NGLs, petrochemicals, environmental products, iron ore, gold, silver, and ship brokerage including LNG, Tanker and LPG markets.
- BGC Environmental Brokerage Energy brokerage services and carbon offset solutions for green energy markets, including transactions, financing, technology, and consulting for environmental initiatives.
Quantifiable outcome
- Q1 2026 revenue $955.48M with 43.85% YoY growth
- +2 more outcomes
Companies that use BGC Group
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles4 records
BGC Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature6 records
BGC Group partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, significant, strategic and flagship.
- Fenics Market Data and LuceracoreBGC Compute Infrastructure Markets clients will have access to Fenics Market Data (leading market data business) and Lucera connectivity platform to support development of transparent, connected, and efficient marketplace for AI infrastructure.
- smartTrade TechnologiessignificantsmartTrade Technologies acquired kACE Financial (formerly Fenics) from BGC for up to $119 million ($80M initial payment plus up to $39M contingent consideration). The acquisition integrates kACE's derivatives analytics and trading infrastructure with smartTrade's multi-asset electronic trading and payments solutions.
- Macro Hive LimitedstrategicBGC acquired Macro Hive Limited to enhance AI-driven market analytics capabilities, integrating Macro Hive's technology across rates and FX markets to strengthen BGC's institutional services and expand analytics offerings for clients including banks, hedge funds, and governments.
- CapitolissignificantCapitolis acquired BGC's Compression & Optimization Business, Capitalab, for $46 million to expand Capitolis' solutions in Rates Portfolio Compression and Margin Optimization, enhancing its network and product offerings.
- OTC Global HoldingsflagshipBGC agreed to acquire OTC Global Holdings in a substantially all-cash transaction for $325 million to expand and diversify BGC's Energy, Commodities, and Shipping business, making BGC the world's largest energy broker upon completion in April 2025.
- Sage Energy PartnersstrategicBGC acquired Sage Energy Partners, LP (Houston-based energy and environmental brokerage) to expand services in the U.S. and support global growth in oil, refined products, biofuels, NGLs, petrochemicals, and environmental/energy transition markets.
- Cantor FitzgeraldcoreBGC separated from Cantor Fitzgerald in 2004 but maintains ongoing affiliation. Cantor Fitzgerald Relief Fund co-hosts annual Charity Day with BGC on September 11th commemoration. Howard W. Lutnick served as BGC CEO before becoming U.S. Secretary of Commerce.
Scale indicators16 records
Recent moves10 records
Expansion highlights6 records
BGC Group competitors and assessment
Company assessmentDirect peers
- TP ICAP: The largest inter-dealer broker globally, directly comparable as a wholesale broker of rates, credit, FX, equities and commodities. Like BGC, TP ICAP is pivoting from voice to electronic execution and competes head-to-head across BGC's core asset classes.
- Compagnie Financière Tradition: Swiss-listed inter-dealer broker operating across rates, FX, equities, credit and commodities with similar voice-plus-electronic distribution. Closely comparable in business model, scale and inter-dealer client base.
- Tradeweb Markets: Leading electronic fixed income and derivatives trading platform competing directly with FMX, Fenics UST and BGC's rates franchise. Comparable institutional customer base and similar shift from voice to fully electronic execution.
- MarketAxess: Electronic credit trading platform overlapping with BGC's credit brokerage and CreditMatch offerings. Similar institutional client base and similar reliance on fixed income market activity for transaction revenue.
- Marex: Recently public global commodities and energy broker with strong overlap in energy, metals, agricultural commodities and shipping — closely comparable to BGC's post-OTC Global Holdings energy/commodities franchise.
Broad incumbents
- CME Group: World's largest derivatives exchange operator, competing with FMX in interest rate futures (SOFR, Treasury futures) and with BGC's listed derivatives brokerage more broadly. Much larger scale and broader product set.
- Intercontinental Exchange (ICE): Global exchange operator and clearing house with major fixed income, energy and credit franchises. Competes with BGC across multiple asset classes and provides an incumbent benchmark for how electronic exchange models scale.
- Nasdaq: Exchange operator and capital markets infrastructure provider. Competes with BGC's listed equities, fixed income and market-data businesses, and is the listing venue for BGC itself (BGC trades on Nasdaq).
Emerging players
- Virtu Financial: Electronic market maker and wholesale liquidity provider across global asset classes. Adjacent to BGC's electronic brokerage and market-making ecosystem, with comparable focus on institutional execution but a different core business model.
Regional players
- StoneX Group: Global financial services firm with wholesale execution, clearing and market data offerings across commodities, FX and securities. Comparable institutional client base in select segments but with less direct overlap in inter-dealer voice brokerage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
BGC Group social profiles
Digital presenceBGC Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
BGC Group leadership team
Management profileNumber of profiles
Profiles15 records
BGC Group subsidiaries and ownership
Company hierarchySubsidiaries22 records
BGC Group funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BGC Group M&A and investment
M&A and investmentM&A20 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BGC Group
What does BGC Group do?
BGC Group is a global wholesale brokerage and financial technology company providing trade execution, broker-dealer services, clearing, processing, and market data/analytics across more than 200 financial products including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. Execution is delivered through voice, hybrid, and fully electronic channels, supported by proprietary platforms such as the Fenics suite, FMX Futures Exchange, BGC Trader, BGCPro, GBX, ColleX, Lucera, and a Swap Execution Facility.
Is BGC Group a public or private company?
BGC Group is a public company. It is classified as public and is currently operating.
When was BGC Group founded?
BGC Group was founded in 2004. It employs 1,001 to 5,000 people.
Where is BGC Group based?
BGC Group is headquartered in New York, United States, in the North America region.
How does BGC Group make money?
Four revenue lines are on record. Brokerage Commissions are the primary driver. The others are market Data and Analytics, technology Services and trade Execution and Processing.
Who are BGC Group's main competitors?
Direct peers on record are TP ICAP, Compagnie Financière Tradition, Tradeweb Markets, MarketAxess and Marex. Broad incumbents are CME Group, Intercontinental Exchange (ICE) and Nasdaq. Virtu Financial is listed as an emerging player. StoneX Group is listed as a regional player.
Does BGC Group have an API?
No public API is recorded for BGC Group.