BGC Group, Inc. (Nasdaq: BGC), a world brokerage and financial technology company, announced today the acquisition of Macro Hive Limited, a global analysis provider and macroeconomic strategy.
The acquisition of Macro Hive expands BGC’s growing business, incorporating Macro Hive’s AI technology into all BGC prices and execution platforms.
Co -founders of Macro Hive, Managing Director Bilal Hafeez and Coo Andrew Simon, will participate in BGC to further promote innovation and boost its position in global financial markets.
“The addition of macro to the suite of our institutional services reinforces our platform with technological information and proven expertise, defining a new model for agencies,” said Richard Leighton, Senior CEO of BGC Group. “I look forward to working closely with Bilal and Andrew to secure a smooth and aggressive completion.”
“Our mission has always been to provide innovative, in line with ideas and strategies that lead to AI that boost institutional investors and businesses to make better updated decisions,” added Bilal Hafeez, founder and chief executive of Macro Hive. “By combining our know -how with the BGC world platform, we can offer unparalleled customer solutions. We are excited to speed up our growth in this next chapter with BGC.”