BGC Group’s Fenics Progress Platforms reported sooner income progress than the corporate’s a lot bigger brokerage enterprise within the second quarter of 2026. Income from the class elevated 22.9% yr on yr to $33.4 million, in contrast with 7.2% progress in whole brokerage revenues.
The figures accompanied document second-quarter income for the group. Whole income rose 7.8% to $845.5 million, whereas brokerage income reached $771.4 million. Fenics income elevated 14.3% to $186.2 million, together with $152.8 million from Fenics Markets, up 12.6%.
Excluding kACE, which BGC offered on the finish of 2025, Fenics income grew 17.6%. Progress Platforms was subsequently the faster-growing of the 2 disclosed Fenics classes, with BGC attributing the rise primarily to FMX, PortfolioMatch and Lucera.
The brokerage franchise additionally superior throughout each reported asset class. Charges income grew 10.6% and international alternate elevated 9.4%. Credit score rose 5.4%, Vitality, Commodities and Transport elevated 5.3%, and equities grew 2.8%.
FMX Volumes and Market Share Enhance
FMX UST generated document second-quarter common day by day quantity of $79.4 billion, 17% increased than a yr earlier. Its central restrict order e book market share reached 42%, in line with Coalition Greenwich, up from 35% in the identical quarter final yr and 41% within the first quarter.
FMX Futures reported common day by day quantity of roughly 54,000 contracts, greater than 16-fold increased than a yr earlier. Open curiosity ended the quarter at greater than 140,000 contracts, in contrast with roughly 22,000 a yr in the past.
The alternate presently lists two- and five-year US Treasury futures and plans so as to add the remaining tenors throughout the curve on 3 August. FMX combines BGC’s money US Treasury enterprise with its CFTC-regulated alternate for US Treasury and SOFR futures, positioning it to compete within the US interest-rate market. BGC beforehand secured minority investments from ten international banks and market-making corporations for the enterprise.
PortfolioMatch and Lucera Add Progress
PortfolioMatch’s common day by day quantity elevated 82% to a quarterly document of $431 million. The platform helps digital portfolio buying and selling in credit score markets, permitting establishments to transact teams of bonds slightly than particular person devices.
Lucera, Fenics’ community enterprise supplying real-time buying and selling infrastructure to capital markets corporations, elevated income by 15%. BGC attributed the expansion to continued momentum in its international alternate providing and the onboarding of a number of giant purchasers.
BGC’s Q2 figures present Fenics Progress Platforms rising sooner in proportion phrases than whole brokerage revenues, whereas remaining a a lot smaller contributor. Brokerage continued to offer a lot of the group’s income, with the Progress Platforms improve pushed primarily by FMX, PortfolioMatch and Lucera.
BGC Group’s Fenics Progress Platforms reported sooner income progress than the corporate’s a lot bigger brokerage enterprise within the second quarter of 2026. Income from the class elevated 22.9% yr on yr to $33.4 million, in contrast with 7.2% progress in whole brokerage revenues.
The figures accompanied document second-quarter income for the group. Whole income rose 7.8% to $845.5 million, whereas brokerage income reached $771.4 million. Fenics income elevated 14.3% to $186.2 million, together with $152.8 million from Fenics Markets, up 12.6%.
Excluding kACE, which BGC offered on the finish of 2025, Fenics income grew 17.6%. Progress Platforms was subsequently the faster-growing of the 2 disclosed Fenics classes, with BGC attributing the rise primarily to FMX, PortfolioMatch and Lucera.
The brokerage franchise additionally superior throughout each reported asset class. Charges income grew 10.6% and international alternate elevated 9.4%. Credit score rose 5.4%, Vitality, Commodities and Transport elevated 5.3%, and equities grew 2.8%.
FMX Volumes and Market Share Enhance
FMX UST generated document second-quarter common day by day quantity of $79.4 billion, 17% increased than a yr earlier. Its central restrict order e book market share reached 42%, in line with Coalition Greenwich, up from 35% in the identical quarter final yr and 41% within the first quarter.
FMX Futures reported common day by day quantity of roughly 54,000 contracts, greater than 16-fold increased than a yr earlier. Open curiosity ended the quarter at greater than 140,000 contracts, in contrast with roughly 22,000 a yr in the past.
The alternate presently lists two- and five-year US Treasury futures and plans so as to add the remaining tenors throughout the curve on 3 August. FMX combines BGC’s money US Treasury enterprise with its CFTC-regulated alternate for US Treasury and SOFR futures, positioning it to compete within the US interest-rate market. BGC beforehand secured minority investments from ten international banks and market-making corporations for the enterprise.
PortfolioMatch and Lucera Add Progress
PortfolioMatch’s common day by day quantity elevated 82% to a quarterly document of $431 million. The platform helps digital portfolio buying and selling in credit score markets, permitting establishments to transact teams of bonds slightly than particular person devices.
Lucera, Fenics’ community enterprise supplying real-time buying and selling infrastructure to capital markets corporations, elevated income by 15%. BGC attributed the expansion to continued momentum in its international alternate providing and the onboarding of a number of giant purchasers.
BGC’s Q2 figures present Fenics Progress Platforms rising sooner in proportion phrases than whole brokerage revenues, whereas remaining a a lot smaller contributor. Brokerage continued to offer a lot of the group’s income, with the Progress Platforms improve pushed primarily by FMX, PortfolioMatch and Lucera.
