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Segment, Geographic and Product Information | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Segment, Geographic and Product Information | Segment, Geographic and Product Information Segment Information The Company currently operates in one reportable segment, brokerage services. The Company provides or has provided brokerage services to the financial markets, through integrated Voice, Hybrid and Fully Electronic brokerage in a broad range of products, including fixed income (Rates and Credit), FX, Equities, ECS, and Futures and Options. BGC also provides a wide range of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, consulting, and other back-office services to a broad range of financial and non-financial institutions. Geographic Information The Company offers products and services in EMEA, the Americas and APAC. Revenues and long-lived assets are attributed to geographic areas based on the location of the particular subsidiary. Information regarding revenues is as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenues: |  |  |  |  |  |  |
EMEA 1 | $ | 280,883 |  |  | $ | 241,011 |  |  | $ | 864,697 |  |  | $ | 758,233 |
Americas 2 | 204,811 |  |  | 172,048 |  |  | 603,434 |  |  | 541,673 |
APAC | 75,417 |  |  | 69,635 |  |  | 222,355 |  |  | 208,735 |
Total revenues | $ | 561,111 |  |  | $ | 482,694 |  |  | $ | 1,690,486 |  |  | $ | 1,508,641 |
____________________________ 1 For the three and nine months ended September 30, 2024 and 2023, the U.K. accounted for 10% or more of total revenues. U.K. revenues for the three months ended September 30, 2024 and 2023 were $189.6 million and $172.3 million, respectively. U.K. revenues for the nine months ended September 30, 2024 and 2023 were $591.3 million and $537.8 million, respectively. 2 For the three and nine months ended September 30, 2024 and 2023, the U.S. accounted for 10% or more of total revenues. U.S. revenues for the three months ended September 30, 2024 and 2023 were $187.7 million and $152.9 million, respectively. U.S. revenues for the nine months ended September, 30 2024 and 2023 were $550.4 million and $484.6 million, respectively. Information regarding long-lived assets (defined as: loans, forgivable loans and other receivables from employees and partners, net; fixed assets, net; ROU assets; certain other investments; rent and other deposits; excluding goodwill and other intangible assets, net) in the applicable geographic area is as follows (in thousands):
| September 30, 2024 |  | December 31, 2023
Long-lived assets: |  |  |
EMEA 1 | $ | 388,669 |  |  | $ | 385,210 |
Americas 2 | 252,956 |  |  | 225,950 |
APAC | 92,477 |  |  | 75,496 |
Total long-lived assets | $ | 734,102 |  |  | $ | 686,656 |
____________________________ 1 For the three and nine months ended September 30, 2024 and 2023, the U.K. accounted for 10% or more of total long-lived assets. U.K. long-lived assets as of September 30, 2024 and December 31, 2023 were $285.1 million and $306.1 million, respectively. 2 For the three and nine months ended September 30, 2024 and 2023, the U.S. accounted for 10% or more of total long-lived assets. U.S. long-lived assets as of September 30, 2024 and December 31, 2023 were $246.7 million and $220.1 million, respectively. Product Information The Company’s business is based on the products and services provided and reflects the manner in which financial information is evaluated by management. The Company specializes in the brokerage of a broad range of products, including fixed income (Rates and Credit), FX, Equities, ECS, and Futures and Options. It also provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post-trade, information, consulting, and other back-office services to a broad range of financial and non-financial institutions. Product information regarding revenues is as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenues: |  |  |  |  |  |  |
Rates | $ | 174,313 |  |  | $ | 145,703 |  |  | $ | 515,442 |  |  | $ | 454,649 |
ECS | 112,921 |  |  | 93,120 |  |  | 349,128 |  |  | 281,467 |
FX | 92,076 |  |  | 79,795 |  |  | 265,045 |  |  | 237,480 |
Credit | 68,000 |  |  | 63,747 |  |  | 224,973 |  |  | 219,102 |
Equities | 53,336 |  |  | 52,665 |  |  | 167,599 |  |  | 178,152 |
Total brokerage revenues | $ | 500,646 |  |  | $ | 435,030 |  |  | $ | 1,522,187 |  |  | $ | 1,370,850 |
All other revenues | 60,465 |  |  | 47,664 |  |  | 168,299 |  |  | 137,791 |
Total revenues | $ | 561,111 |  |  | $ | 482,694 |  |  | $ | 1,690,486 |  |  | $ | 1,508,641 |

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