Acquisition adds AI-powered data analytics to BGC’s global platform servicing institutional clients

NEW YORK: 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
Statements regarding BGC that are not historical are “forward-looking statements” involving risks and uncertainties. Actual results may differ materially. See BGC’s SEC filings for risks and updates.

Fonte: Business Wire