BGC Group

name: BGC Group
description: |
  BGC Group, Inc. (NASDAQ: BGC), formerly BGC Partners, is a global brokerage and financial technology firm.
  Headquartered in New York and London, BGC operates electronic and voice broking across foreign exchange,
  interest rate derivatives, fixed income, energy and commodities, equity derivatives, credit, and futures.
  Its technology portfolio includes the FMX division (FMX UST, FMX FX, and FMX Futures Exchange — launched
  September 23, 2024 for SOFR futures), Fenics Market Data (the exclusive data distributor for BGC and its
  affiliates), Capitalab (post-trade optimization), Lucera (LumeMarkets cross-asset trading platform and
  Lucera Connect/Compute infrastructure), and GFI Group. BGC spun off Newmark Group (NASDAQ: NMRK) on
  November 30, 2018. Public developer documentation is generally gated behind sales engagement; protocol
  specifications (FIX, ITCH/SoupBinTCP, BIMP, BOP) exist for institutional clients.
url: https://www.bgcg.com
image: https://www.bgcg.com/wp-content/uploads/2023/06/BGC-Group-Logo.svg
humanURL: https://www.bgcg.com
specificationVersion: '0.18'
type: Index
aid: bgc-partners
access: 3rd-Party
created: '2026-05-05'
modified: '2026-05-23'
tags:
  - Brokerage
  - Inter-Dealer Broker
  - Financial Services
  - Capital Markets
  - Market Data
  - Foreign Exchange
  - Fixed Income
  - Interest Rate Derivatives
  - Energy And Commodities
  - Equity Derivatives
  - Credit Derivatives
  - Futures Exchange
  - SOFR
  - US Treasuries
  - Post-Trade
  - Trading Infrastructure
  - Financial Technology
  - Fortune 1000
maintainers:
  - FN: API Evangelist
    email: [email protected]
apis:
  - name: FMX Futures Exchange Connectivity
    description: |
      FMX Futures Exchange launched September 23, 2024, initially listing SOFR futures (the largest notional
      futures contract in the world) and adding U.S. Treasury futures in Q1 2025. Equity partners include
      Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group,
      Morgan Stanley, Tower Research Capital, and Wells Fargo. The exchange clears through LCH Limited. The
      platform represents "over $200 million of technological investment." Native connectivity is provided to
      institutional members via FIX protocol and proprietary binary feeds; specifications are distributed to
      onboarded participants.
    humanURL: https://www.fmxfutures.com
    baseURL: https://www.fmxfutures.com
    image: https://www.fmxfutures.com/favicon.ico
    aid: bgc-partners:fmx-futures
    tags:
      - Futures Exchange
      - SOFR
      - US Treasuries
      - FIX Protocol
      - Market Data
      - Derivatives
    properties:
      - type: Portal
        url: https://www.fmxfutures.com
      - type: Documentation
        url: https://www.fmx.com/wp-content/uploads/2024/06/FMX-Futures-Exchange-Overview-June-2024-1.pdf
      - type: PressRelease
        url: https://www.prnewswire.com/news-releases/bgc-group-launches-fmx-futures-exchange-302256660.html
  - name: FMX UST
    description: |
      FMX UST (formerly Fenics UST) is BGC's electronic trading venue for U.S. Treasuries. Connectivity is a
      "point-to-point service based on industry standards TCP/IP and the FIX Protocol." Supports FIX 4.4 with
      selected FIX 5.0 tags; proprietary BOP (Binary Order Protocol) over TCP for order entry; BIMP (Binary
      Market Data Protocol) over multicast for market data; Drop Copy and STP services. Order book depth of
      10 price levels in increments of 1/16 of a 32nd.
    humanURL: https://www.fenicsust.com
    baseURL: https://www.fenicsust.com
    aid: bgc-partners:fmx-ust
    tags:
      - US Treasuries
      - Electronic Trading
      - FIX Protocol
      - Binary Protocol
      - Market Data
      - Central Limit Order Book
    properties:
      - type: Portal
        url: https://www.fenicsust.com
      - type: Documentation
        url: https://www.fenicsust.com/technology/
  - name: FMX FX (Fenics FX)
    description: |
      FMX FX (operating as Fenics FX) is BGC's electronic foreign exchange platform covering Spot, Forwards,
      NDFs and Options. Integration is offered via FIX (order entry) and ITCH/OUCH (market data and order
      entry) protocols. The Fenics FX ITCH market data service uses SoupBinTCP on top of TCP for session
      control and delivers tick-by-tick quote updates over a single TCP/IP connection.
    humanURL: https://www.fenicsfx.com
    baseURL: https://www.fenicsfx.com
    aid: bgc-partners:fmx-fx
    tags:
      - Foreign Exchange
      - FX Spot
      - FX Forwards
      - NDF
      - FX Options
      - FIX Protocol
      - ITCH
      - OUCH
      - SoupBinTCP
      - Market Data
    properties:
      - type: Portal
        url: https://www.fenicsfx.com
      - type: Documentation
        url: https://www.fenicsfx.com/wp-content/uploads/2018/01/FenicsFX_ITCH_MarketData.pdf
      - type: Specification
        url: https://www.fenicsfx.com/wp-content/uploads/2019/09/FenicsFX_ITCH_MarketData_v7.pdf
  - name: Fenics Market Data
    description: |
      Fenics Market Data (FMD) is the exclusive data distributor of BGC Group, Inc. and its affiliates. FMD
      provides streaming, intra-day, end-of-day and historical market data across Foreign Exchange (350+
      currency pairs with history from 2005), Interest Rate Derivatives (30+ currencies, 290+ curves), Fixed
      Income (US Treasuries, global government bonds, corporate bonds, CDS), Inflation Derivatives, Energy &
      Commodities, and Equity Derivatives. Delivery formats include Pricing/Modelled curves and surfaces and
      Orderbook/Level 2 consolidated quotes. Distribution channels include "API, Desktop, Excel, Cloud, FTP,
      SFTP, and Deployed/Onsite Servers" with FIX/API and binary protocols for low-latency feeds.
    humanURL: https://www.fenicsmd.com
    baseURL: https://www.fenicsmd.com
    aid: bgc-partners:fenics-market-data
    tags:
      - Market Data
      - Reference Data
      - Historical Data
      - Pricing
      - Curves And Surfaces
      - Level 2
      - Foreign Exchange
      - Interest Rates
      - Fixed Income
      - Energy And Commodities
      - Inflation
      - Regulatory Solutions
    properties:
      - type: Portal
        url: https://www.fenicsmd.com
      - type: Products
        url: https://www.fenicsmd.com/products/
      - type: DirectFeedAndAPI
        url: https://www.fenicsmd.com/delivery/direct-feed-and-api/
      - type: Distribution
        url: https://www.lseg.com/en/data-analytics/financial-data/pricing-and-market-data/fixed-income-pricing-data/fenics-market-data
  - name: Lucera LumeMarkets
    description: |
      Lucera is BGC's financial technology subsidiary offering a "high-performance, low latency platform that
      provides a single API for aggregating and trading across multiple markets – FX, Rates, Futures, Crypto,
      and Credit." Product portfolio: Connect (SDN connectivity), Compute (on-demand infrastructure),
      LumeMarkets (cross-asset trading platform), and LumeFX (FX-focused offering). The single-API
      cross-asset trading surface is the most explicit programmatic API in the BGC family.
    humanURL: https://www.lucera.com
    baseURL: https://www.lucera.com
    aid: bgc-partners:lucera
    tags:
      - Trading Infrastructure
      - Cross-Asset Trading
      - Aggregation
      - SDN
      - Low Latency
      - FX
      - Rates
      - Futures
      - Crypto
      - Credit
      - Single API
    properties:
      - type: Portal
        url: https://www.lucera.com
  - name: Capitalab
    description: |
      Capitalab is BGC's post-trade compression, optimization and risk-mitigation arm. It executes initial
      margin optimization runs across interest rate, FX, inflation and credit derivatives portfolios for
      banks and dealers, integrating with central counterparty clearing houses and bilateral OTC books.
      Programmatic engagement is operated through Capitalab's bespoke onboarding rather than a public API.
    humanURL: https://www.capitalab.com
    baseURL: https://www.capitalab.com
    aid: bgc-partners:capitalab
    tags:
      - Post-Trade
      - Compression
      - Initial Margin Optimization
      - Risk Mitigation
      - Derivatives
      - Rates
      - Credit
      - FX
    properties:
      - type: Portal
        url: https://www.capitalab.com
  - name: GFI Group
    description: |
      GFI Group, Inc. is a wholly owned BGC subsidiary — "a leading intermediary and provider of trading
      technologies and support services to the global OTC and listed markets." GFI offers voice and
      electronic brokerage in fixed income, FX, energy, credit and equity derivatives, along with software
      such as Trayport (now divested) historically and Fenics-branded data and analytics today.
    humanURL: https://www.gfigroup.com
    baseURL: https://www.gfigroup.com
    aid: bgc-partners:gfi-group
    tags:
      - Inter-Dealer Broker
      - OTC Markets
      - Voice Broking
      - Electronic Broking
      - Trading Technology
    properties:
      - type: Portal
        url: https://www.gfigroup.com
common:
  - type: Portal
    url: https://www.bgcg.com
  - type: InvestorRelations
    url: https://ir.bgcg.com
  - type: PressReleases
    url: https://www.bgcg.com/press-releases/
  - type: News
    url: https://www.bgcg.com/news/
  - type: Careers
    url: https://www.bgcg.com/careers/
  - type: Contact
    url: https://www.bgcg.com/contact/
  - type: PrivacyPolicy
    url: https://www.bgcg.com/privacy-policy/
  - type: TermsOfUse
    url: https://www.bgcg.com/terms-of-use/
  - type: SECFilings
    url: https://ir.bgcg.com/financials/sec-filings/
  - type: AnnualReports
    url: https://ir.bgcg.com/financials/annual-reports/
  - type: StockTicker
    url: https://ir.bgcg.com/stock-info/stock-quote/
    data:
      exchange: NASDAQ
      symbol: BGC
  - type: SpinOff
    url: https://www.nmrk.com
    data:
      name: Newmark Group
      ticker: NMRK
      completed: '2018-11-30'
  - type: Subsidiary
    url: https://www.fmx.com
    data:
      name: FMX Holdings
      launched: '2024-09-23'
      equityPartners:
        - Bank of America
        - Barclays
        - Citadel Securities
        - Citi
        - Goldman Sachs
        - J.P. Morgan
        - Jump Trading Group
        - Morgan Stanley
        - Tower Research Capital
        - Wells Fargo
  - type: ClearingPartner
    url: https://www.lch.com
    data:
      name: LCH Limited
      relationship: FMX Futures Exchange clearing
  - type: LinkedIn
    url: https://www.linkedin.com/company/bgc-group/
  - type: Vocabulary
    url: vocabulary/bgc-partners-vocabulary.yml
  - type: JSONLD
    url: json-ld/bgc-partners-context.jsonld
  - type: Plans
    url: plans/bgc-partners-plans-pricing.yml
  - type: RateLimits
    url: rate-limits/bgc-partners-rate-limits.yml
  - type: FinOps
    url: finops/bgc-partners-finops.yml