The companies, products and regulatory developments shaping the broker industry.
BGC’s filing ties an additional 10.3 percentage points of FMX ownership to trading-volume performance, making equity part of the venue’s liquidity-building architecture.
FMX reached US$30.5m of revenue and strong venue volumes, but remained 3.7% of BGC’s total. BGC also says the same FMX revenue is included within both Fenics Markets and Growth Platforms, limiting additive category analysis.
The 8-K fixes 31 December 2026 as the effective date and names John Abularrage and Sean Windeatt as continuing co-chief executives of the institutional brokerage group.
Third-quarter revenue reached $832.6m and fully diluted GAAP net income rose to $68.7m. The results include a $35m disposal gain, while post-tax adjusted earnings increased 17.5%.
The interdealer broker's SEC filing confirms a planned leadership transition on 31 December, with Aubin moving to vice-chairman and Abularrage and Windeatt continuing as co-CEOs.
Aurel BGC says Fenics AI handled price discovery through execution for two institutional accounts on 3 September. Its announcement targeted wider client availability in the fourth quarter.