Bgc Group Inc (OQ:BGC)
Business Focus: Investment Banking & Brokerage Services
| Sector: Financials | Industry: Investment Banking & Brokerage Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 499 Park Avenue NEW YORK NY 10022 |
| Tel: | N/A |
| Website: | https://www.bgcg.com |
| IR: | See website |
| Key People | ||
| Howard W. Lutnick Chairman of the Board, Chief Executive Officer | Jason W. Hauf Chief Financial Officer | Sean A. Windeatt Chief Operating Officer |
| Stephen M. Merkel Executive Vice President, General Counsel | Kalyan Popuri Global Treasurer | |
| Business Overview |
| BGC Group, Inc. is a global brokerage and financial technology company servicing the financial markets. The Company, through its affiliates, specializes in the brokerage of a range of products, including fixed income, foreign exchange, equities, energy and commodities, shipping, and futures. It also provides a variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a range of financial and non-financial institutions. Through its brands, including Fenics, 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, BGC Trader, KACE and Lucera, it offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. It serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments and corporations. |
| Financial Overview |
| For the three months ended 31 March 2024, Bgc Group Inc revenues increased 9% to $578.6M. Net income increased from $19M to $49.2M. Revenues reflect Commissions increase of 10% to $415.2M, Interest and dividend income increase of 84% to $9.8M, Data, software and post-trade increase of 14% to $30.9M. Net income benefited from Other income (loss) increase from $1.7M (expense) to $38.8M (income). |
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