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Retail FX
BGC Group's Q1 Net Income Surges 92% Driven by Geographical Expansion
The firm's revenue growth is attributed to notable progress in the energy, commodities, and shipping sectors.
Revenue expanded by 8.6% to $578.6 million during the quarter.
Tuesday, 30/04/2024 | 13:53 GMT
by
Jared Kirui
Institutional FX
BGC Group Secures Backing from Global Banks for New $600M Trading Platform
Bank of America, Barclays, Citadel Securities, and Citi are among the minority stakeholders in FMX.
The new platform merges US cash Treasuries, spot foreign exchange platforms, and US interest rate futures exchange.
Thursday, 25/04/2024 | 13:03 GMT
by
Jared Kirui
Institutional FX
BGC Group’s Q4 Revenue Hits All-Time High, Earnings Surge 22%
The group's revenue increased 18% to $516.8 million in Q4.
BGC's adjusted EBITDA jumped to $151.6 million during the fourth quarter.
Wednesday, 14/02/2024 | 13:58 GMT
by
Jared Kirui
Institutional FX
FMX Futures Exchange Gains CFTC Approval for US Treasury and SOFR Futures
Highly traded globally, US Treasury and SOFR futures are among the world's most traded contracts.
FMX's clearing pact with LCH SwapClear strengthens its market position.
Tuesday, 23/01/2024 | 10:34 GMT
by
Tareq Sikder
Institutional FX
BGC Group's Q3 Revenue Surges amid Year-to-Date Concerns
The company's financial results reveal an increase of 16% in Q3 revenue.
In the third quarter, net profit experienced a boost, but it significantly shrank year-to-date.
Monday, 30/10/2023 | 10:55 GMT
by
Damian Chmiel
Institutional FX
BGC Reports Losses in Q2 despite Revenue Growth
The brokerage firm reported an increase of 13% in revenue.
The company's expenses increased 28% in the quarter.
Wednesday, 02/08/2023 | 15:21 GMT
by
Jared Kirui
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