BGC Group has acquired Macro Hive, a provider of global macro market analytics and strategy. This transaction marks a significant step for BGC in enhancing its position in the rates and FX markets by integrating AI technologies into its brokerage platform.

Targeting Agency Services Through AI Integration

According to the announcement, the acquisition merges Macro Hive’s AI-driven analytical capabilities with BGC’s broking and execution infrastructure. Macro Hive’s leadership, including CEO Bilal Hafeez and COO Andrew Simon, will reportedly join BGC to lead the integration and further develop market solutions targeting institutional clients.

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“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 Bilal and Andrew to ensure a seamless and impactful integration.”

By aligning with BGC’s global platform, Macro Hive aims to accelerate growth and bring client solutions to a broader investor base. BGC Group serves a wide audience, including banks, broker-dealers, hedge funds, and corporations across multiple asset classes such as fixed income, foreign exchange, energy, commodities, and equities.

The company also operates FMX Futures Exchange, an initiative developed in collaboration with global investment banks and market-making firms, offering futures, spot FX, and U.S. cash treasury trading platforms.

This acquisition signals BGC’s ongoing strategy to integrate advanced technology and expand its agency business, reinforcing its role in global financial markets.

Expect ongoing updates as this story evolves.

Source: Finance Magnates