New division to support rapidly developing secondary market in compute and memory capacity
As AI adoption accelerates, Compute and Memory have emerged as critical assets that require a transparent and efficient secondary market. Backed by BGC Group’s experience as the world’s largest energy broker, BGC CIM is designed to bring institutional-grade market structure to one of the fastest emerging areas of the digital economy – enabling transparent price discovery, real-time risk management and more efficient execution for market participants.
BGC CIM will sit within BGC Group’s Energy, Commodities and Shipping (“ECS”) business and will initially focus on the over-the-counter (“OTC”) market. Led by
“The secondary market for compute is quickly becoming one of the most consequential commodity markets in the world economy,” said
Clients of BGC CIM will also benefit from the full strength, scale and expertise of the
“Compute and memory capacity have many of the characteristics of a commodity market, including supply-demand volatility, forward price risk and the need for clear pricing,” said
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.
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Source: BGC Group, Inc.