BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the fourth quarter and full year ended December 31, 2024.
Foreign Exchange revenues were up 21.3% to $93.6 million, primarily driven by higher options and emerging market foreign exchange volumes.
Rates revenues increased by 8.8% from the year-ago quarter to $169.6 million, reflecting higher volumes across interest rate derivatives, listed rates products, and U.S. Treasuries.
Data, Network, and Post-trade revenues increased by 10.3% to $32.6 million. This growth was primarily driven by strong subscription-based revenue growth across Fenics Market Data and Lucera, partially offset by lower post-trade revenues due to the sale of BGC’s Capitalab business in the fourth quarter.
Revenues for Data, Network, and Post-trade, excluding the impact of Capitalab, grew by more than 20 percent year-over-year.
Pre-tax Adjusted Earnings amounted to…
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