BGC Group Acquires Macro Hive; Financial Terms Not Disclosed
Benzinga Newsdesk 1 year ago
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Acquisition adds AI-powered data analytics to BGC's global platform servicing institutional clientsNEW YORK--(BUSINESS WIRE)-- BGC Group, Inc. (NASDAQ:BGC), a leading global brokerage and financial technology company,
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.