On July 12, 2023, Mr. Windeatt executed the 2023 Deed of Amendment with the U.K. Partnership which amends his prior executed Deed of Adherence with the U.K. Partnership regarding the terms of his employment. Under the 2023 Deed of Amendment, the initial period of Mr. Windeatt's membership in the U.K. Partnership was extended from September 30, 2025 to December 31, 2028. In addition, under the 2023 Deed of Amendment, commencing January 1, 2027, either party may terminate the Deed by giving written notice to ...

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is BGC Group (BGC) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.BGC Group is a member of the Finance sector. This group includes 856 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank includes 16 different groups and is ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

BGC Group, Inc. (NASDAQ:BGC) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Jason Chryssicas - Head of Investor Relations Howard Lutnick - Chairman of the Board & Chief Executive Officer Sean Windeatt - COO & Co-Global Head of Brokerage Jason Hauf - Executive Vice President & Chief Financial Officer Conference Call Participants Patrick Moley - Piper Sandler Operator Greetings, and welcome to the BGC Group First Quarter 2024 Earnings Conference Call. At this time, all partic ...

BGC GROUP, INC. NASDAQ: BGC EARNINGS PRESENTATION Q1 2024 ¯bgc 2 DISCLAIMER DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT BGC Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking ...

BGC Group (BGC) came out with quarterly earnings of $0.25 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this brokerage company would post earnings of $0.20 per share when it actually produced earnings of $0.21, delivering a surprise of 5%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.BGC Group, which belongs to th ...

EXHIBIT 99.1 NEW YORK – April 30, 2024 – BGC Group, Inc. (Nasdaq: BGC) today reported its financial results for the quarter ended March 31, 2024.' | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------|-------------|--------|--------|--------| | SELECT FINANCIAL RESULTS Highlights of Consolidated Results (USD millions) | | 1Q24 | 1Q23 | Change | | Revenues | | $578.6 | $532.9 | 8.6% | | GAAP income from operations before income taxes | | ...

Business Growth and Revenue - BGC's Fenics business has grown to represent 25% of total revenues in Q4 2023, driven by technology-driven trading platforms[1] - The company has invested in new trading platforms including Fenics UST, Fenics FX, and PortfolioMatch to enhance broker productivity and electronic trading[1] - Fenics Markets includes fully electronic brokerage revenues and has expected pre-tax margins of at least 25%[1] - BGC's revenue sources include commissions from brokerage services, matched principal transactions, and data services[1] Trading Platforms and Innovations - FMX received CFTC approval on January 22, 2024, to operate an exchange for U.S. Treasury and SOFR futures, with plans to launch in summer 2024[1] - The company aims to automate and electronify its brokerage business in response to macro trends in capital markets[1] - BGC's trading applications are accessible through a global high-speed data network, the Internet, or third-party networks[1] - The company operates electronic marketplaces across multiple financial markets through Fenics and multi-asset Hybrid platforms, with expectations for Fenics to become increasingly valuable as it continues to grow[341] - FMX, combining Fenics' U.S. Treasury business with a U.S. Rates futures platform, received CFTC approval on January 22, 2024, and is set to launch in summer 2024[341] Acquisitions and Partnerships - The company acquired Trident Brokerage Service LLC on February 28, 2023, enhancing its service offerings[341] - The company plans to discuss strategic partners and further details regarding FMX in the first quarter 2024 earnings call[1] Market Activity and Competition - The number of matched principal trades executed by BGC has continued to grow compared to prior years, indicating increased trading activity[1] - The company faces competition from various financial brokerage firms and technology companies in the market[3] - The company faces risks from competition in acquiring new business initiatives and potential integration challenges[329] Awards and Recognition - Fenics Market Data received multiple awards in 2023, including Americas Data and Analytics Vendor of the Year at the GlobalCapital Americas Derivatives Awards[347] Corporate Responsibility and Risks - The company emphasizes the importance of its brokers and salespeople as primary marketing resources, focusing on cross-selling and enhancing customer relationships[348] - The company has a commitment to expand in the global energy and commodities space, highlighted by its acquisition of Poten & Partners in November 2018[344] - The company is subject to credit and performance risks that could lead to significant losses affecting its financial condition[334] - The company may utilize artificial intelligence, which poses challenges that could result in competitive harm and regulatory action[362] - Ongoing scrutiny regarding corporate responsibility and ESG practices may lead to additional costs or risks for the company[336]

Financial Data and Key Metrics Changes - The company reported fourth quarter revenues of $516.8 million, an increase of 18.4% year-over-year, marking the highest ever fourth quarter revenue performance [14] - Adjusted earnings before tax improved by 27.3% to $110.8 million, with a margin expansion of 149 basis points to 21.4% [30] - Post-tax adjusted earnings increased by 29.2% to $101.3 million, or $0.21 per share, reflecting a 31.3% improvement [30] - Adjusted EBITDA was reported at $151.6 million, a 22.3% increase [30] - Liquidity as of December 31 was $701.4 million, up from $524.3 million at year-end 2022 [53] Business Line Data and Key Metrics Changes - Revenues from the Energy & Commodities business improved by 42.3%, driven by strong growth across the energy complex and environmental products [14] - Fenics revenues grew by 20.1% to $130.8 million, accounting for over 25% of total revenue [15] - Equities revenues declined by 3.8%, while data, network, and post-trade revenues improved by 17.9% [25] - Rates revenues increased by 26.1%, reflecting broad-based growth across interest rate products [47] - Credit revenues decreased by 3.6%, but are expected to grow in line with overall business in 2024 [47] Market Data and Key Metrics Changes - By geography, Americas revenues increased by 21.9%, EMEA revenues increased by 20.5%, and Asia Pacific revenues increased by 2.8% [29] - Fenics generated $521.7 million for the full year 2023, an improvement of 16.1%, marking its first time above $500 million [48] Company Strategy and Development Direction - The company plans to launch the FMX Futures Exchange in summer 2024, following CFTC approval [13] - Investments are being made in global interest rate derivative products and reentering the Japanese interest rate market [28] - The company aims to capitalize on interest rate and energy market volatility to drive higher fixed income issuance [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 10% revenue growth and mid-teens earnings growth in 2024, supported by favorable macro trading conditions [35][58] - The company anticipates that the global interest rate environment will remain attractive, with expectations for Japan to return to positive interest rates [58] - Management highlighted the importance of connecting with trading firms globally as a key milestone for FMX [61] Other Important Information - The company is considering selling separable technology divisions to enhance shareholder value through share buybacks [4][70] - The compensation and employee benefits under adjusted earnings increased by 21.8%, driven by higher revenues and new hires [29] Q&A Session Summary Question: Update on FMX and strategic partner announcements - Management indicated that they will provide detailed updates on strategic partnerships before the launch of FMX [33][57] Question: Revenue growth expectations for 2024 - Management confirmed expectations for 10% revenue growth and mid-teens earnings growth, citing a favorable market environment [35][58] Question: Competitive positioning of FMX - Management expressed confidence in FMX's competitive advantages, particularly in achieving margin offsets superior to competitors [37][62] Question: Capital return plans and potential asset sales - Management acknowledged the potential for selling non-core assets to fund share buybacks, emphasizing the importance of timing [70]

NEW YORK, Jan. 22, 2024 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC), today announced that its FMX Futures Exchange received Commodity Futures Trading Commission ("CFTC") approval to operate an exchange for U.S. Treasury and SOFR futures, the most widely traded futures contracts in the world, for trading on FMX1. Howard W. Lutnick, Chairman and CEO of BGC Group, a leading global brokerage and financial technology company, said, "With this CFTC approval, we will combine our leading Fenics UST cash Treasury ...