BGC Group Announces its First-Ever Fully AI Brokered Institutional Trade in Listed Equity Derivatives

BGC debuts Fenics AI with a fully autonomous listed equity derivatives trade and plans broader client rollout in late 2026.

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Fully autonomous transaction between two institutional accounts marks milestone in AI-powered trading

NEW YORK--(BUSINESS WIRE)-- BGC Group Inc. (Nasdaq: BGC) (“BGC”), a leading global brokerage and financial technology company servicing financial markets, today announced it has launched Fenics AI, and that its subsidiary, Aurel BGC, has completed its first-ever fully AI brokered institutional trade in listed equity derivatives, using autonomous AI-powered systems to manage the trading workflow from price discovery through to execution.

Fenics AI, BGC’s new proprietary AI trading technology, arranged this landmark transaction on September 3, 2026, in Eurex listed Swiss SMI options between two institutional accounts, including Hudson Bay Capital. This successful first AI trade follows rigorous development and testing to ensure compatibility with applicable market conventions, rules and governance.

Fenics AI is expected to be made available to BGC’s clients during the fourth quarter 2026 to deliver significant efficiencies across the trade lifecycle, including price discovery, execution, trade processing, and settlement accuracy. Designed to work seamlessly with BGC's existing brokerage solutions, Fenics AI will automate routine execution workflows while enabling BGC’s brokers continued focus on delivering best-in-class service and market-leading innovation.

“This is our first ever AI driven trade in equity derivatives for institutional investors demonstrating that BGC can deliver significant AI-driven trading benefits to our clients,” said JP Aubin, Co-Chief Executive Officer at BGC. “Our years of investment in proprietary technology combined with our position as the world's largest listed products broker, means we are uniquely positioned to deliver AI solutions to capital markets. This transaction is just the beginning of what we believe will be significant industry adoption of AI workflows across asset classes and geographies. BGC is committed to continuing to be at the forefront of AI trading innovation.”

Benjamin Clerget, Portfolio Manager at Hudson Bay, said, “What BGC has built represents real innovation for our markets. Fenics AI managed this trade end-to-end, from price discovery through execution. We are pleased to be a part of this exciting AI milestone.”

This initiative is just one element of BGC’s firm-wide artificial intelligence strategy. BGC is actively deploying AI across the entire organization to drive enhanced levels of client service, electronic trading and streamlined workflows that will contribute to greater operating efficiencies.

About BGC Group, Inc.

BGC Group, Inc. (Nasdaq: BGC) is a leading global marketplace, data, and financial technology services company for a broad range of products, including fixed income, foreign exchange, energy, commodities, shipping, equities, and now includes the FMX Futures Exchange. BGC’s clients are many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC and leading global investment banks and market-making firms have partnered to create FMX, part of the BGC Group of companies, which includes a U.S. interest rate futures exchange, spot foreign exchange platform, and the world’s fastest growing U.S. cash treasuries platform. For more information about BGC, please visit www.bgcg.com.

Discussion of Forward-Looking Statements about BGC

Statements in this document regarding BGC that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity and outlook, as well as the transactions described in this press release and the potential benefits and anticipated effects of the transactions on the Company’s business, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC’s Securities and Exchange Commission (“SEC”) filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260910272591/en/

BGC Investor Contact:
Jason Chryssicas
+1 212-610-2426
BGC Media Contact:
Danielle Popper
Press@bgcg.com
+1 212-610-2407

Source: BGC Group, Inc.

Key Terms

listed equity derivatives financial

Exchange-traded contracts whose payoff depends on the price of a stock or a stock index, such as options and futures listed on a regulated marketplace. They let investors gain exposure, hedge risk, or take leveraged positions in equities without owning the underlying shares; think of them as standardized, tradable bets or insurance policies tied to a stock’s price. They matter because they add liquidity, price transparency and tools for managing market risk.

price discovery financial

Price discovery is the process by which buyers and sellers interacting in a market establish the current fair value of a security, like an ongoing auction where bids and offers meet to produce a transaction price. It matters to investors because good price discovery provides a reliable signal of demand and risk, helping determine trade prices, gauge market sentiment, and reveal when prices may be skewed by low liquidity or temporary shocks.

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