BGC Group, Inc. Stock Price, News & Analysis

BGC Group (Nasdaq: BGC) and ten major investment banks have launched U.S. Treasury futures contracts on the FMX Futures Exchange. The Exchange initiated trading with 2-year and 5-year contracts on May 18, 2025, following its successful SOFR futures launch in September 2024.

The platform's clearing partnership with LCH Limited, a CFTC-approved Derivatives Clearing Organization, is expected to provide significant capital savings for global institutional clients. FMX Holdings, LLC, which includes the Exchange, also operates the fastest-growing cash U.S. Treasuries marketplace and a growing spot Foreign Exchange platform.

BGC Group (Nasdaq: BGC) has announced its financial results for Q1 2025, ending March 31, 2025. The company has declared a quarterly dividend of $0.02 per share. A conference call to discuss the results is scheduled for 10:00 AM ET. Detailed financial information, including the earnings presentation and supplemental financial tables, can be accessed through the company's investor relations website at http://ir.bgcg.com/.

BGC Group (Nasdaq: BGC) has announced it will release its first quarter 2025 financial results on Wednesday, May 7, 2025, at approximately 8:00 a.m. ET. The company will host a conference call to discuss the results at 10:00 a.m. ET on the same day.

Investors can access the results through the company's investor relations website at http://ir.bgcg.com. The conference call will be available via webcast, with pre-registration options available. Participants can join through the webcast link or dial in directly using U.S. number 1-877-407-0312 or international number 1-201-389-0899.

BGC Group (Nasdaq: BGC) has completed its acquisition of OTC Global Holdings for $325 million in a predominantly cash transaction. OTC, a leading energy and commodities brokerage firm, generated over $400 million in revenue for 2024, representing an acquisition multiple of less than 0.8x revenue.

The integration establishes BGC as the world's premier energy, commodities, and shipping (ECS) brokerage firm, with ECS becoming BGC's largest asset class. This strategic move follows BGC's recent acquisition of Sage Energy, further strengthening its market position.

The transaction, which closed after Q1 2025, is expected to be immediately accretive. BGC's Co-CEOs John Abularrage, JP Aubin, and Sean Windeatt will lead the expanded operations, while OTC's CEO Joe Kelly will continue driving growth within the combined entity.

BGC Group (Nasdaq: BGC) has reaffirmed its previously announced outlook ranges for revenue and pre-tax Adjusted Earnings for Q1 2025, as initially stated in their February 14, 2025 financial results press release.

The company provided detailed explanations of its non-GAAP financial measures, including Adjusted Earnings, Adjusted EBITDA, and their calculation methodologies. These measures exclude certain non-cash items, equity-based compensation, and other expenses that don't involve cash outlay or dilute existing stockholders.

The announcement includes comprehensive information about how BGC treats equity-based compensation in its calculations, its tax methodology for Adjusted Earnings, and the rationale behind using these alternative financial metrics to evaluate the company's performance.

BGC Group announced significant leadership changes as Stephen Merkel has been named Chairman of the Board of Directors, following Howard W. Lutnick's confirmation as the 41st Secretary of Commerce. Merkel, who has been with BGC since its founding, will retain his roles as Executive Vice President and General Counsel. Brandon Lutnick will also join the Board.

Stephen Merkel brings extensive experience, having served as Executive Vice Chairman, Executive Managing Director, and General Counsel for the Cantor Fitzgerald group of companies. Prior to joining Cantor Fitzgerald in 1993, he held positions at Goldman Sachs & Co. and Paul, Weiss, Rifkind, Wharton & Garrison.

Brandon Lutnick, currently Chairman of Cantor Fitzgerald, joined the firm in 2022 in equity sales and trading after starting his career at Oak Hill Advisors.

BGC Group (Nasdaq: BGC) has appointed John Abularrage, JP Aubin, and Sean Windeatt as Co-Chief Executive Officers, following Howard W. Lutnick's departure to serve as the 41st Secretary of Commerce. Mr. Windeatt will maintain his position as Chief Operating Officer, a role he has held since 2009.

The three executives, who previously served as Co-Global Heads of Brokerage, have been instrumental in BGC's growth and strategic initiatives. Under their joint leadership, the company achieved double-digit revenue growth and generated record revenues exceeding $2.25 billion in 2024.

Each brings significant experience: Abularrage joined in 2021 with over 20 years in financial services, Aubin has been with BGC since 2005 leading European expansion, and Windeatt has served the company for 27 years, playing a important role in its development since 2004.

BGC Group announced that Howard W. Lutnick has been confirmed as the 41st U.S. Secretary of Commerce and has stepped down as Chairman and CEO. Under his leadership, BGC grew into a global brokerage and financial technology company with over 4,000 employees, revenues exceeding $2.25 billion, and a market capitalization of approximately $4.5 billion.

Lutnick, who built BGC into the world's most valuable wholesale financial services intermediary, recently launched FMX, a U.S. Treasury and interest rate futures trading marketplace, in collaboration with leading global investment banks. To comply with government ethics rules, he has agreed to divest his interests in BGC without selling shares on the open market.

The company pioneered electronic trading solutions, including the automation of the U.S. Treasury market, establishing itself as an industry innovator under Lutnick's leadership.

BGC Group (Nasdaq: BGC) announced its fourth quarter and full year 2024 financial results on February 14, 2025. The company declared a quarterly dividend of 2 cents per share. A conference call to discuss the results is scheduled for 11:00 AM ET on the same day. The complete financial results, earnings presentation, and supplemental financial tables are available on the company's investor relations website at http://ir.bgcg.com/.