BGC Group completes acquisition of OTC Global Holdings
04/01/25, 12:51 PM
Location
new yorkhoustonIndustry
financial services
finance
oil and gas
BGC Group, Inc. has successfully acquired OTC Global Holdings for $325 million in a substantially all-cash deal. This acquisition is expected to enhance BGC's offerings in the energy and commodities brokerage sector. The integration is set to deliver greater value to clients and stakeholders. BGC aims to establish itself as the premier broker in the global ECS landscape.
Company Info
Location
New York, New York, United States
Company info
BGC Group, Inc. (Nasdaq: BGC) is a leading global marketplace, data, and financial technology services company for a broad range of products, including fixed income, foreign exchange, energy, commodities, shipping, equities, and now includes the FMX Futures Exchange. BGC's clients are many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms.