Global brokerage firm BGC Group has acquired London-based Macro Hive, a provider of market analytics and strategy services specializing in AI-enhanced investment processes, though the financial terms and timeline details of the transaction remain undisclosed.

Founded in 2019, Macro Hive delivers global macro research and strategy services across equities, commodities, rates, and foreign exchange (FX) markets. The firm is known for its AI-enhanced investment processes and serves over 1,000 institutions across 160 countries, including major financial institutions such as JP Morgan, Citi, and Bank of America.

BGC Group’s acquisition aims to bolster its agency business by integrating Macro Hive’s AI-driven technology for rates and FX markets into BGC’s existing broking and execution platform. Richard Leighton, senior managing director at BGC Group, stated, “Adding Macro Hive to our suite of institutional services enhances our platform with tech-forward insights and proven expertise.”

As part of the transaction, Macro Hive’s founders, CEO Bilal Hafeez and COO Andrew Simon, will join BGC Group. Hafeez, who previously served as global head of FX and rates strategy at Nomura, commented that the move will “help turbocharge our AI and analytics offering as we leverage their tech platform and market data.” Their specific roles at BGC have not been announced.

This deal is consistent with BGC Group’s ongoing acquisition strategy. In October 2024, the US-based broker acquired Sage Energy Partners and OTC Global Holdings to expand its global energy, commodities, and shipping operations. BGC Group also specializes in brokerage services across fixed income, equities, and futures markets.