BGC Acquires Macro Hive

Brokerage group BGC Group has announced the acquisition of global macro analytics and strategy firm Macro Hive.

Terms of the deal were not disclosed, but BGC says the acquisition expands its agency business by integrating Macro Hive’s technology across the Rates and FX markets with BGC’s broking and execution platform.

Macro Hive’s co-founders, CEO Bilal Hafeez and COO Andrew Simon, will join BGC as part of the deal.

“Adding Macro Hive to our suite of institutional services enhances our platform with tech-forward insights and proven expertise, setting a new standard for agency services,” says Richard Leighton, senior managing director at BGC Group.

Hafeez adds, “Our mission has always been to deliver innovative, AI-driven insights and strategies that empower institutional investors and corporates to make better-informed decisions. By combining our expertise with BGC’s global platform, we can deliver unmatched client solutions.”