XML 55 R41.htm IDEA: XBRL DOCUMENT v3.25.3

Derivatives (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Contracts

The fair value of derivative contracts, presented in accordance with the Company’s netting policy, is set forth below (in thousands):

						September 30, 2025																		December 31, 2024
Derivative contract						Assets						Liabilities						Notional Amounts1						Assets						Liabilities						Notional Amounts1
FX swaps						$	540					$	680					$	819,175					$	4,810					$	3,679					$	635,790
Forwards						386						682						230,244						409						751						185,821
Interest rate swaps						226						—						72,302,677						—						—						534,085
Futures						—						388						7,275,005						165						—						8,758,848
Total						$	1,152					$	1,750					$	80,627,101					$	5,384					$	4,430					$	10,114,544

1Notional amounts represent the sum of gross long and short derivative contracts, an indication of the volume of the Company’s derivative activity, and do not represent anticipated losses.

Schedule of Offsetting of Derivative Instruments

The following tables present information about the offsetting of derivative instruments as of September 30, 2025 and December 31, 2024 (in thousands):

			September 30, 2025
			Gross Amounts						Gross Amounts Offset						Net Amounts Presented in the Statements of Financial Condition
Assets
FX swaps			$	862					$	(322)					$	540
Forwards			505						(119)						386
Interest rate swaps			8,991						(8,765)						226
Futures			36,601						(36,601)						—
Total derivative assets			$	46,959					$	(45,807)					$	1,152
Liabilities
Forwards			$	801					$	(119)					$	682
FX swaps			1,002						(322)						680
Futures			36,989						(36,601)						388
Interest rate swaps			8,765						(8,765)						—
Total derivative liabilities			$	47,557					$	(45,807)					$	1,750

			December 31, 2024
			Gross Amounts						Gross Amounts Offset						Net Amounts Presented in the Statements of Financial Condition
Assets
FX swaps			$	5,993					$	(1,183)					$	4,810
Forwards			465						(56)						409
Futures			37,083						(36,918)						165
Interest rate swaps			132						(132)						—
Total derivative assets			$	43,673					$	(38,289)					$	5,384
Liabilities
FX swaps			$	4,862					$	(1,183)					$	3,679
Forwards			807						(56)						751
Futures			36,918						(36,918)						—
Interest rate swaps			132						(132)						—
Total derivative liabilities			$	42,719					$	(38,289)					$	4,430

Schedule of Gains and (Losses) on Derivative Contracts

The table below summarizes gains and (losses) on derivative contracts for the three and nine months ended September 30, 2025 and 2024 (in thousands):

						Three Months Ended September 30,												Nine Months Ended September 30,
Derivative contract						2025						2024						2025						2024
Interest rate swaps						$	3,030					$	1,830					$	8,406					$	5,758
Futures						2,779						4,603						12,710						11,242
FX swaps						694						802						2,723						1,858
FX/commodities options						89						161						324						265
Gains, net						$	6,592					$	7,396					$	24,163					$	19,123

X

- Definition

Offsetting derivative instruments.

+ References

No definition available.

+ Details

Name:	bgcp_OffsettingDerivativeInstrumentsTableTableTextBlock
Namespace Prefix:	bgcp_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4CC
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration