The firm has announced a mostly cash deal to purchase OTC Global Holdings.
With this acquisition, the company aims to expand its global energy and commodities reach.
Finance Magnates
BGC Group, Inc. announced it has entered into an agreement
to acquire OTC Global Holdings, LP (“OTC”). According to the news release, OTC is the largest
independent institutional energy and commodities brokerage firm. The
acquisition will help BGC expand its Energy, Commodities, and Shipping (ECS)
business.
Acquiring OTC Global Operations
OTC operates globally across North America, Europe, and
Asia. Its services cover crude and refined products, petrochemicals, natural
gas, and ship brokerage. BGC views OTC’s product offerings as complementary to
its ECS business, aiming to create a broader platform for the global market.
Howard Lutnick, Chairman and CEO of BGC Group, Source: LinkedIn
“OTC has built a premier global energy, commodities,
and shipping business that is supported by world-class talent,” said
Howard Lutnick, Chairman and CEO of BGC Group.
“This acquisition will complement our existing ECS
business and will enhance our ability to deliver a comprehensive, best-in-class
offering to our global client base,” he further added. “We look forward to welcoming the OTC team
onto the BGC platform, combining our innovative solutions to drive greater
results for our clients.”
The deal is structured as a mostly cash transaction, subject
to regulatory approvals and customary closing conditions. Jefferies LLC is
acting as a financial advisor to OTC.
“BGC has an incredible offering with a proven track
record of growth and innovation,” said Joe Kelly, CEO of OTC Global
Holdings.
“We have built something very special and unique at
OTC,” he continued. “We look forward to joining BGC's
platform and believe that together we will become a leading global broker for
energy, commodities, and shipping products, delivering unparalleled value to
our clients worldwide.”
As a result, the company now operates under the name BGC
Group, Inc., and its Nasdaq ticker symbol has changed from ‘BGCP’ to ‘BGC.’
This change also applies to the company's digital presence.
BGC Group, Inc. announced it has entered into an agreement
to acquire OTC Global Holdings, LP (“OTC”). According to the news release, OTC is the largest
independent institutional energy and commodities brokerage firm. The
acquisition will help BGC expand its Energy, Commodities, and Shipping (ECS)
business.
Acquiring OTC Global Operations
OTC operates globally across North America, Europe, and
Asia. Its services cover crude and refined products, petrochemicals, natural
gas, and ship brokerage. BGC views OTC’s product offerings as complementary to
its ECS business, aiming to create a broader platform for the global market.
Howard Lutnick, Chairman and CEO of BGC Group, Source: LinkedIn
“OTC has built a premier global energy, commodities,
and shipping business that is supported by world-class talent,” said
Howard Lutnick, Chairman and CEO of BGC Group.
“This acquisition will complement our existing ECS
business and will enhance our ability to deliver a comprehensive, best-in-class
offering to our global client base,” he further added. “We look forward to welcoming the OTC team
onto the BGC platform, combining our innovative solutions to drive greater
results for our clients.”
The deal is structured as a mostly cash transaction, subject
to regulatory approvals and customary closing conditions. Jefferies LLC is
acting as a financial advisor to OTC.
“BGC has an incredible offering with a proven track
record of growth and innovation,” said Joe Kelly, CEO of OTC Global
Holdings.
“We have built something very special and unique at
OTC,” he continued. “We look forward to joining BGC's
platform and believe that together we will become a leading global broker for
energy, commodities, and shipping products, delivering unparalleled value to
our clients worldwide.”
As a result, the company now operates under the name BGC
Group, Inc., and its Nasdaq ticker symbol has changed from ‘BGCP’ to ‘BGC.’
This change also applies to the company's digital presence.
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
