BGC Group to Sell kACE Financial to smartTrade for Up to $119 Million

Reuters12-11

BGC Group to Sell kACE Financial to smartTrade for Up to $119 Million

BGC Group has entered into a definitive agreement to sell the business of kACE Financial, a provider of real-time pricing and advanced analytics platforms for complex FX derivatives, to smartTrade Technologies SAS. The deal values kACE at up to $119 million, including an initial payment of $80 million and up to $39 million in contingent cash consideration based on defined performance metrics, with some payments expected in 2026. The transaction is expected to close by the end of 2025, subject to customary closing conditions.

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: 20251211602315) on December 11, 2025, and is solely responsible for the information contained therein.

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