1. BGC acquires Macro Hive, enhancing AI capabilities for institutional clients. 2. Integration expands BGC's agency business in Rates and FX markets. 3. Macro Hive's co-founders will drive innovation at BGC. 4. Richard Leighton emphasizes enhanced service standards post-acquisition. 5. Macro Hive aims to deliver unmatched insights combined with BGC's platform.
The acquisition strengthens BGC's offerings and competitive edge in financial markets. Historical acquisitions have often led to increased market share and valuations.
The acquisition of a tech-driven firm is critical for BGC's growth strategy, making it highly relevant.
The integration of AI analytics will enhance BGC's products, benefiting clients over time. Similar technological advancements in other firms have shown significant long-term value creation.
Acquisition adds AI-powered data analytics to BGC's global platform servicing institutional clients
BGC Group, Inc. (NASDAQ:BGC), a leading global brokerage and financial technology company, today announced the acquisition of Macro Hive Limited ("Macro Hive"), a leading provider of global macro market analytics and strategy.
The acquisition of Macro Hive expands BGC's growing agency business by integrating Macro Hive's AI-driven technology across the Rates and FX markets with BGC's global broking and execution platform. Macro Hive's co-founders, CEO Bilal Hafeez and COO Andrew Simon, will join BGC to further drive innovation and strengthen its position in global financial markets.
"Adding Macro Hive to our suite of institutional services enhances our platform with tech-forward insights and proven expertise, setting a new standard for agency services," said Richard Leighton, Senior Managing Director at BGC Group. "I look forward to working closely with Bilal and Andrew to ensure a seamless and impactful integration."
"Our mission has always been to deliver innovative, AI-driven insights and strategies that empower institutional investors and corporates to make better-informed decisions," added Bilal Hafeez, Founder and CEO at Macro Hive. "By combining our expertise with BGC's global platform, we can deliver unmatched client solutions. We are excited to accelerate our growth in this next chapter with BGC."
About BGC Group, Inc.
BGC Group, Inc. (NASDAQ:BGC) is a leading global marketplace, data, and financial technology services company for a broad range of products, including fixed income, foreign exchange, energy, commodities, shipping, equities, and now includes the FMX Futures Exchange. BGC's clients are many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms.
BGC and leading global investment banks and market making firms have partnered to create FMX, part of the BGC Group of companies, which includes a U.S. interest rate futures exchange, spot foreign exchange platform and the world's fastest growing U.S. cash treasuries platform.
For more information about BGC, please visit www.bgcg.com.
Forward-Looking Statements
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