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BGC Group Set to Join S&P SmallCap 600
Company repurchased approximately 10 million shares quarter to date NEW YORK, March 4, 2024 /PRNewswire/ -- BGC Group, Inc. (NASD: BGC), a leading global
About this update from Bgc Group, Inc.
[{"type":"text","content":"Company repurchased approximately 10 million shares quarter to date\nNEW YORK, March 4, 2024 /PRNewswire/ -- BGC Group, Inc. (NASD: BGC), a leading global brokerage and financial technology company, today announced it will join the S&P SmallCap 600 index, effective prior to the open of trading on Monday, March 18, 2024. The S&P SmallCap 600 seeks to measure the small-cap segment of the U.S. equity market. \n\"BGC Group's inclusion in the S&P SmallCap 600 index is a significant milestone for our company,\" said Howard W. Lutnick, Chairman and CEO of BGC Group. \"Following our successful Corporate Conversion, this is another meaningful step in our growth and long-term value creation for our shareholders.\"\nAdditionally, over the course of the first quarter of 2024, BGC Group has repurchased 9,820,280 shares of BGC Class A common stock for an average purchase price of $6.98 per share.\nAbout BGC Group, Inc.\nBGC Group, Inc. (\"BGC\") is a leading global brokerage and financial technology company. BGC, through its affiliates, specializes in the brokerage of a broad range of products, including Fixed Income (Rates and Credit), Foreign Exchange, Equities, Energy and Commodities, Shipping, and Futures. BGC, through its affiliates, also provides a broad range of services, including: trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a broad range of financial and non-financial institutions. Through its brands, including Fenics®, FMX™, FMX Futures Exchange™, Fenics Markets Xchange™, Fenics Digital™, Fenics UST™, Fenics FX™, Fenics Repo™, Fenics Direct™, Fenics MID™, Fenics Market Data™, Fenics GO™, Fenics PortfolioMatch™, BGC®, BGC Trader™, kACE2™, and Lucera®, BGC offers financial technology solutions, market data, and analytics across a broad range of financial instruments and markets. BGC, BGC Group, BGC Partners, BGC Trader, GFI, GFI Ginga, CreditMatch, Fenics, Fenics.com, FMX, Sunrise Brokers, Poten & Partners, RP Martin, kACE2, Capitalab, Swaptioniser, CBID, Caventor, LumeMarkets and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC and/or its affiliates.\nBGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC's Cl...