BGC Group reported record third-quarter results for2025, with revenues climbing 31% year over year, driven by strong performanceacross its FMX and Fenics trading platforms. Growth spanned all major regionsand asset classes.Join buy side heads of FX in London at fmls25Total revenue for the quarter reached $736.8 million,up 31.3% from the previous year. Excluding OTC, revenue rose 11.9% to $627.9million, marking another quarterly record.Regional results showed broad-based gains, with EMEArevenue up 37%, Americas up 28%, and APAC up 17%. Pre-tax adjusted earningsclimbed 22.4% to $155.1 million, while post-tax adjusted earnings rose 11.5% to$141.1 million, or $0.29 per share. Adjusted EBITDA increased 10.7% to $167.6million.“We delivered another outstanding quarter, with recordthird quarter revenues of $737 million, up 31 percent from $561 million a yearago,” John Abularrage, the Co-Chief Executive Officer, commented. “Revenues of$628 million, excluding OTC, was also a record, driven by growth across everyasset class and geography.”Record Revenues Across All SegmentsFMX’s U.S. Treasury segment achieved average dailyvolumes (ADV) of $59.4 billion, up 12% year-on-year, lifting market share to anall-time high of 37%, compared with 35% in the prior quarter and 29% a yearearlier.SOFR futures trading also accelerated, with both ADVand open interest tripling compared to the previous quarter. BGC expectssimilar adoption in its U.S. Treasury futures offering set for 2026. FMX’s FX segment advanced 44% to a third-quarterrecord $13.1 billion in ADV, reflecting product expansion and new marketparticipants.The company’s Fenics division reported $160 million inrevenue, up 12.7% from the prior year. Fenics Markets revenue rose 12.5% to$134.1 million, driven by higher electronic trading volumes in rates and FX,along with strong demand for Fenics Market Data.You may also like: BaFin Warns of “Smarter Trading with Zero Spreads” Pitch That Could Cost You EverythingFenics Growth Platforms, which includes FMX,PortfolioMatch, and Lucera, generated $25.9 million, a 13.5% rise. Excludingthe sale of Capitalab last year, revenue in this segment grew 24.2%.PortfolioMatch saw its average daily volume more thandouble, supported by greater algorithmic trading adoption and larger tradesizes. Lucera, which provides real-time trading infrastructure, posteddouble-digit growth and continued its expansion into EMEA and Asia.Broad-Based Strength Across Asset ClassesTotal brokerage revenue rose 34.4% to $241.6 million.Energy and commodities (ECS) revenue led the way, climbing 114%, helped by OTCperformance and strong organic growth. Rates revenue increased 12% to $195.3 million, FX rose15.9% to $106.7 million, credit edged up 1.6%, and equities advanced 13.2% to$60.4 million.BGC’s board and audit committee reapproved a $400million share repurchase program on November 5, 2025. The firm also confirmedplans to repay $300 million in senior notes maturing in December.This article was written by Jared Kirui at www.financemagnates.com.