BGC Group registers 15.4% Y/Y increase in Forex revenues in Q3 2024

BGC Group registers 15.4% Y/Y increase in Forex revenues in Q3 2024

BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the third quarter ended September 30, 2024.

In the third quarter of 2024, Foreign Exchange revenues increased by 15.4% to $92.1 million, primarily driven by emerging markets products and higher G10 options volumes.

Equities revenues grew by 1.3% to $53.3 million, driven by U.S. and European equity derivatives volumes, partially offset by lower Asian equity derivative activity.

Across all segments, third quarter revenues amounted to $561.1 million, up 16.2% versus last year, reflecting strong growth across every asset class and region.

Revenues across the Americas, EMEA, and APAC grew by 19.0%, 16.5%, and 8.3%, respectively.

The company reported record third quarter…
Read More

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *