BGC Group ( (BGC) ) has shared an update.
On April 1, 2025, BGC Group, Inc. announced the completion of its acquisition of OTC Global Holdings, LP, a prominent energy, commodities, and shipping brokerage firm, for $325 million in an all-cash transaction. This acquisition is expected to be immediately accretive and enhance BGC’s position as a leading global ECS brokerage firm, delivering significant value to clients and shareholders. The integration of OTC’s complementary product suite is set to redefine the global ECS landscape, marking a transformative step in BGC’s growth strategy.
More about BGC Group
BGC Group, Inc. is a leading global marketplace, data, and financial technology services company offering a broad range of products including fixed income, foreign exchange, energy, commodities, shipping, equities, and the FMX Futures Exchange. Its clientele includes major banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms.
YTD Price Performance: 1.44%
Average Trading Volume: 2,857,489
Technical Sentiment Signal: Sell
Current Market Cap: $4.43B
See more data about BGC stock on TipRanks’ Stock Analysis page.