BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the quarter ended June 30, 2024.
BGC’s revenues grew by 11.7 percent to $550.8 million, representing record second quarter revenues and reflecting broad-based growth across all geographies.
BGC generated strong double-digit revenue growth across its three largest businesses, Rates, ECS (“Energy, Commodities, and Shipping”) and Foreign Exchange. Foreign Exchange revenues improved by 14.7 percent to $88.9 million, driven by emerging markets products and G10 options volumes.
Fenics Markets produced revenue of $115.1 million in the second quarter, an increase of 7.5 percent. This growth was driven by strong electronic Foreign Exchange, Credit and Rates volumes, along with higher Fenics Market Data revenues. BGC’s rapidly growing ECS…
Read More
