BGC Q3 2025: Revenue Surges from Acquisitions, But Margin Pressures Mount

BGC’s Q3 2025 revenue rose 31% year-over-year to $736.8 million,...

Electronic platforms FMX and Fenics are the main growth engines, g...

Margins compressed as compensation, non-compensation costs, and in...

While not directly comparable to full-service investment banks, BG...