BGC Group, Inc. (BGC), a brokerage and financial technology company, on Monday announced the acquisition of Macro Hive Limited, a provider of macro market analytics and strategy.
The acquisition of Macro Hive strengthens BGC's agency business by combining Macro Hive's AI-driven technology in the Rates and FX markets with BGC's global broking and execution platform.
Following the acquisition, Macro Hive's co-founders, CEO Bilal Hafeez and COO Andrew Simon, will join BGC.
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