BGC Group Sells kACE Financial to smartTrade Technologies for Up to $119 Million

Reuters
Jan 06
BGC Group Sells kACE Financial to smartTrade Technologies for Up to $119 Million

BGC Group Inc. has completed the sale of kACE Financial, a provider of real-time pricing and analytics platforms for complex FX derivatives, to smartTrade Technologies SAS. The transaction is valued at up to $119 million, including an initial payment of $80 million and up to an additional $39 million in contingent cash consideration based on performance metrics, some of which is expected to be received in 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BGC Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260106510045) on January 06, 2026, and is solely responsible for the information contained therein.

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