BGC Group, Inc. (“BGC” or “the company”) is a leading wholesale brokerage and financial technology-focused company serving an array of financial and capital market participants. In 2004, BGC was split from Cantor Fitzgerald, L.P. (“Cantor”), in which Cantor retains a 22% economic stake but controls 72% of voting rights. Howard Lutnick, longstanding BGC CEO, stepped down from his roles in 2025 after being confirmed as U.S. Secretary of Commerce; his duties have been divided among three long-time BGC senior leaders. Steven Merkel assumed the COB role.
Business activities consist of wholesale voice and fully electronic financial brokerage and trade execution, and an array of technological data solutions segmented within its Fenics brand.
Wholesale brokerage products encompass fixed income, FX, derivatives, and equities. In recent years, brokerage energy, commodities, and shipping brokerage (ECS) volume has increased meaningfully, overtaking the…
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