BGC Group Announces Acquisition of Macro Hive to Expand Agency Business
BGC Group, Inc. - Class A (BGC)
Last bgc group, inc. - class a earnings: 8/2 04:20 pm
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Source: Business Wire
Acquisition adds AI-powered data analytics to BGC’s global platform servicing institutional clients NEW YORK--(BUSINESS WIRE)--BGC Group, Inc. (Nasdaq: BGC), a leading global brokerage and financial technology company, today announced the acquisition of Macro Hive Limited (“Macro Hive”), a leading provider of global macro market analytics and strategy.The acquisition of Macro Hive expands BGC’s growing agency business by integrating Macro Hive’s AI-driven technology across the Rates and FX markets with BGC’s global broking and execution platform. Macro Hive’s co-founders, CEO Bilal Hafeez and COO Andrew Simon, will join BGC to further drive innovation and strengthen its position in global financial markets.“Adding Macro Hive to our suite of institutional services enhances our platform with tech-forward insights and proven expertise, setting a new standard for agency services,” said Richard Leighton, Senior Managing Director at BGC Group. “I look forward to working closely with Bila
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