---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-112083"
form_type: "8-K"
ticker: "BGC"
cik: "0001094831"
company_name: "BGC Group, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:23:58.849972+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ten banks invest $172M in BGC's FMX at $667M valuation; FMX Futures to launch Sept 2024

## Summary
- Ten banks/market makers invest $172M for 25.75% ownership of FMX, post-money valuation $667M.
- FMX Futures (CFTC approved Jan 2024) to launch Sept 2024 trading SOFR & U.S. Treasury futures.
- FMX UST cash Treasury platform reached 28% market share in Q1 2024, up from 26% in Q4 2023.
- Partners may earn additional 10.3% equity upon achieving FMX trading volume targets.
- FMX partners with LCH for portfolio margining, aiming to compete with CME's interest rate complex.

## SEC filing metadata
- accession: 0001193125-24-112083
- form_type: 8-K
- ticker: BGC
- cik: 0001094831
- company_name: BGC Group, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1094831/000119312524112083/0001193125-24-112083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1094831/000119312524112083/d821752d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-112083
- JSON: https://secwatch.observer/filing/0001193125-24-112083.json
- Plain text: https://secwatch.observer/filing/0001193125-24-112083.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.