BGC Group, Inc. - Class A Common Stock (BGC)

Competitors to BGC Group, Inc. - Class A Common Stock (BGC)

Cantor Fitzgerald

Cantor Fitzgerald is a significant player in the financial services and brokerage sector, providing similar trading and brokerage services as BGC Group. Both companies operate in the voice and electronic brokerage spaces, focusing on fixed-income products. Cantor Fitzgerald competes not only through its extensive network and established client relationships but also by offering market-making services and proprietary trading technology. Their reputation in the market and strong clientele can give them a competitive advantage over BGC Group.

CME Group Inc. 

CME Group serves as a global leader in derivatives exchanges and also competes with BGC Group in the trading of various asset classes, including fixed income and commodities. While BGC Group focuses more on inter-dealer brokerage and financial services, CME Group offers traders a venue for futures and options. CME's extensive liquidity and access to a wider range of markets offer a competitive edge in certain segments, though the two firms cater to somewhat different market needs, placing BGC in a specialized niche.

ICAP

ICAP, now part of TP ICAP, historically competed with BGC Group by offering comprehensive inter-dealer brokerage services across multiple asset classes. The firm's vast experience and established reputation in both voice and electronic brokerage give it a significant advantage. ICAP's large scale and innovative trading solutions help maintain its leadership position within the brokerage market, making it a formidable competitor to BGC Group.

MarketAxess Holdings Inc. 

MarketAxess operates a leading electronic trading platform for fixed-income securities, positioning itself as a technology-driven alternative to traditional brokerages like BGC Group. With a focus on efficient trade execution and enhanced data analytics, MarketAxess appeals to institutions seeking lower transaction costs and increased transparency in bond trading. Although they operate in overlapping markets, MarketAxess’ strong technological infrastructure offers them a competitive advantage, particularly among clients looking for cutting-edge electronic trading solutions.

TP ICAP plc

TP ICAP is a global leader in inter-dealer brokerage, similar to BGC Group, and offers a wide array of services, including execution, data, and risk management solutions. The competitive landscape is marked by TP ICAP's strong global presence and diverse service offerings, which cater to a broad range of asset classes. They leverage their size and infrastructure for better pricing and efficiency, presenting a challenge for BGC Group. In terms of reputation and market share in the inter-dealer space, TP ICAP appears to have a competitive edge over BGC.