Aurel BGC
Aurel BGC is a French multi-asset brokerage and corporate finance advisor, subsidiary of BGC Partners (NASDAQ: BGC), providing bond, equity, derivative, and structured product intermediation plus economic research to institutional investors and mid-cap corporates across Europe.
- Company typePrivate
- Founded2008
- HeadquartersParis, France
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Aurel BGC does
Aurel BGC is a French financial intermediary and investment services provider operating as the wholly-owned French subsidiary of BGC Partners (NASDAQ: BGC), the global brokerage group that reported $2.94 billion of 2025 revenue and a $5.5 billion market capitalization across more than 20 countries. The firm was formed in October 2008 from the merger of ETC Pollak (acquired by BGC Partners in 2005) and Aurel (formerly Aurel-Leven), and it is authorized as a Prestataire de Services d'Investissement (PSI) by the ACPR and regulated by the AMF. As of 2025, Aurel BGC employed 163 people in Paris and generated €126.7 million in Produit Net Bancaire, processing €1,498 billion of annual bond market volume across 89,389 transactions and serving 504+ institutional clients that collectively represent more than 95% of French institutional investors alongside major institutions in the UK, Benelux, Switzerland, Germany, and Italy.
The company's core technology stack consists of an ACPR-authorized Organised Trading Facility (OTF) branded Aurel BGC OTF (Operating MIC AURB, Segment MIC AURO) for electronic and voice trading across bonds, money markets, equities, and derivatives, supplemented by the Aurel Digital Auctions fully electronic platform covering cash equities, listed and OTC derivatives, fixed income, and digital assets/ETPs. Execution systems are MiFID II-compliant with RTS 1 and 2 pre/post-trade transparency reporting and best-execution handling. Product surface spans bond intermediation (corporate, financial, sovereign, covered, agency, convertible, high yield in EUR, USD, CHF, GBP), money market intermediation (NEUCP/NEUMTN, deposits, swaps), equities (in partnership with Société Générale for primary liquidity), equity and rate derivatives (continuous presence since 1998), commodity derivatives on major global exchanges, and structured products (EMTN, warrants, UCITS, OTC swaps). A corporate finance division provides IPO/IBO advisory, private placements, debt capital markets, M&A, corporate broking, and €1M-€100M block transactions for French small and mid-cap issuers.
Revenue is generated through three mechanics: (1) transaction commissions on intermediation in bond, money market, equity, and derivative flows (the dominant stream contributing the bulk of the €126.7M PNB), (2) subscription-based economic and strategy research publications (Morning Audio, Point de Conjoncture, Point Flash, Morning ETF, sector reports co-produced with Altaire Economics), and (3) advisory fees from corporate finance mandates including IPOs, IBOs, private placements, M&A, debt capital markets, corporate broking, and special-situation blocks. Distribution is exclusively direct: enterprise sales teams operate from dedicated trading desks in Paris across fixed income, equities, derivatives, and structured products, with extended coverage through BGC Group's global network, the Aurel BGC Monaco SAM subsidiary (licensed by the CCAF since October 2021), and EU passporting branches in Copenhagen, Dublin, Frankfurt, and Madrid plus a London branch. Pricing is non-public and services are restricted to professional clients and eligible counterparties under MiFID II.
Aurel BGC firmographics
Firmographics- Name
- Aurel BGC
- Legal name
- Aurel BGC
- Website
- https://aurel-bgc.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Aurel BGC is a French multi-asset brokerage and corporate finance advisor, subsidiary of BGC Partners (NASDAQ: BGC), providing bond, equity, derivative, and structured product intermediation plus economic research to institutional investors and mid-cap corporates across Europe.
- Ownership category
- akta.pro rank
Aurel BGC industry classification
Industry- Product category
- Institutional Brokerage & Corporate Finance
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (52394)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
- akta.pro secondary industries
- Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI), Follow-on Offerings (FPOs) (FSACAAAB), Cross-Border M&A Advisory (FSAEAGAH)
Keywords
Where Aurel BGC is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices6 records
Markets served
Aurel BGC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Brokerage Commissions: Commission-based revenue from intermediation on bond markets, money markets, equity markets, and derivatives. Generates approximately 126.7 million euros in PNB (Produit Net Bancaire) from intermediation activities.
- Research Subscriptions: Subscription-based economic and strategy research publications provided to professional clients including Morning Audio, Point de Conjoncture, Point Flash, and sector-specific reports.
- Corporate Finance Advisory: Fees from corporate finance services including IPOs, IBOs, private placements, M&A advisory, and debt capital markets operations for small and mid-cap companies.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Aurel BGC product offering
Product offeringCore offering
Aurel BGC is a French investment services provider (Prestataire de Services d'Investissement, PSI) authorized by the ACPR and regulated by the AMF, offering multi-asset brokerage and intermediation across bond markets, money markets, equity markets, equity and rate derivatives, commodity derivatives, and structured products. The firm also delivers corporate finance advisory (IPOs, M&As, private placements, debt capital markets, corporate broking, and block transactions) and produces proprietary economic and strategy research for professional clients and eligible counterparties.
Product overview
Aurel BGC is a financial intermediary and investment services provider offering a comprehensive suite of brokerage, research, and corporate finance services. The core intermediation business covers bond markets, money markets, equity markets, equity and rate derivatives, commodity derivatives, and structured products, generating approximately €126.7 million PNB in 2025 with 163 employees. The research division, conducted in collaboration with Altaire Economics, provides daily publications including Morning Audio, Market News, Point Flash, Point de Conjoncture, 24H sur les Actions, and 24H sur les Taux. The Aurel sub-brand provides fully electronic market access via the Aurel Digital Auctions platform. Corporate Finance services encompass IPO advisory, M&A, private placements, debt capital markets, corporate broking, and block transactions for special situations. A Monaco subsidiary extends services to the Monaco financial platform. All services are offered exclusively to professional clients and eligible counterparties under MiFID II, with the company regulated by ACPR and AMF.
Differentiator
Problem solved
Functional benefit
Products and services
- Intermédiation (Brokerage & Intermediation) Core brokerage and intermediation services covering bond markets, money markets, equity markets, equity and rate derivatives, commodity derivatives, and structured products. Generates approximately €126.7 million PNB with 163 employees serving institutional clients.
- Marchés obligataires (Bond Markets) Bond market intermediation services covering corporate, financial, sovereign, covered, agency, convertible, and high yield bonds in EUR, USD, CHF, and GBP, with €1,498 billion annual volume and 89,389 transactions.
- Marchés monétaires (Money Markets)
Quantifiable outcome
- €1,498 billion annual transaction volume on European bond markets
- +3 more outcomes
Companies that use Aurel BGC
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles2 records
Aurel BGC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Aurel BGC partnerships and signals
Strategic signalScale indicators8 records
Recent moves7 records
Expansion highlights6 records
Aurel BGC competitors and assessment
Company assessmentDirect peers
- Kepler Cheuvreux: European equity brokerage and capital markets advisor headquartered in Paris; directly comparable to Aurel BGC in French institutional equity execution, research distribution and mid-cap advisory services.
- TP ICAP: London-listed global interdealer broker operating across rates, credit, equities and commodities; comparable to Aurel BGC as a multi-asset voice/electronic interdealer broker serving institutional clients.
- Bryan, Garnier & Co: Paris-based European investment bank specializing in small/mid-cap ECM, M&A and sector research; competes head-on with Aurel BGC's corporate finance advisory for French growth companies.
- Oddo BHF: Paris-headquartered Franco-German financial group with corporate finance, brokerage and asset management; competes with Aurel BGC in French small/mid-cap IPO advisory and equity research.
- GFI Group (BGC): Sister interdealer broker within the BGC Partners group; operates overlapping product lines to Aurel BGC across European rates, credit and equity derivatives.
- CM-CIC Market Solutions: French brokerage subsidiary of Crédit Mutuel group providing intermediation, research and corporate finance to institutional clients; directly competes with Aurel BGC in the French institutional market.
- Compagnie Financière Tradition: Swiss-listed interdealer broker with significant Paris operations; closely comparable as a multi-asset intermediary serving European institutional investors in fixed income, derivatives and money markets.
Broad incumbents
- Société Générale (Equity & Fixed Income): French universal bank providing execution services to Aurel BGC's equity franchise and competing across DCM, ECM and equity intermediation as a larger incumbent.
- Deutsche Bank (Capital Markets): Global investment bank with major European fixed income and equity intermediation operations; competes with Aurel BGC across bond and equity brokerage for institutional accounts.
- Natixis (Corporate & Investment Banking): French corporate and investment bank offering capital markets, DCM and M&A advisory; competes with Aurel BGC's DCM/IPO franchise as a broader full-service incumbent.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Aurel BGC social profiles
Digital presenceAurel BGC financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aurel BGC leadership team
Management profileNumber of profiles
Profiles1 record
Aurel BGC subsidiaries and ownership
Company hierarchySubsidiaries1 record
Aurel BGC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aurel BGC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aurel BGC
What does Aurel BGC do?
Aurel BGC is a French investment services provider (Prestataire de Services d'Investissement, PSI) authorized by the ACPR and regulated by the AMF, offering multi-asset brokerage and intermediation across bond markets, money markets, equity markets, equity and rate derivatives, commodity derivatives, and structured products. The firm also delivers corporate finance advisory (IPOs, M&As, private placements, debt capital markets, corporate broking, and block transactions) and produces proprietary economic and strategy research for professional clients and eligible counterparties.
Is Aurel BGC a public or private company?
Aurel BGC is a private company. It is classified as corporate owned and is currently operating.
When was Aurel BGC founded?
Aurel BGC was founded in 2008. It employs 251 to 500 people.
Where is Aurel BGC based?
Aurel BGC is headquartered in Paris, France, in the Europe region.
How does Aurel BGC make money?
Three revenue lines are on record. Brokerage Commissions are the primary driver. The others are research Subscriptions and corporate Finance Advisory.
Who are Aurel BGC's main competitors?
Direct peers on record are Kepler Cheuvreux, TP ICAP, Bryan, Garnier & Co, Oddo BHF, GFI Group (BGC), CM-CIC Market Solutions and Compagnie Financière Tradition. Broad incumbents are Société Générale (Equity & Fixed Income), Deutsche Bank (Capital Markets) and Natixis (Corporate & Investment Banking).
Does Aurel BGC have an API?
No public API is recorded for Aurel BGC.
What industry is Aurel BGC in?
Aurel BGC's product category is Institutional Brokerage & Corporate Finance. Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory), with a secondary code of FSACAAAI, Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness). Its NAICS code is 5231 and its SIC code is 6211.