Fully autonomous transaction between two institutional accounts marks milestone in AI-powered trading

BGC Group Inc., a leading global brokerage and financial technology company servicing financial markets, announced it has launched Fenics AI, and that its subsidiary, Aurel BGC, has completed its first-ever fully AI brokered institutional trade in listed equity derivatives, using autonomous AI-powered systems to manage the trading workflow from price discovery through to execution.

Fenics AI, BGC’s new proprietary AI trading technology, arranged this landmark transaction on September 3, 2026, in Eurex listed Swiss SMI options between two institutional accounts, including Hudson Bay Capital.  This successful first AI trade follows rigorous development and testing to ensure compatibility with applicable market conventions, rules and governance.

Fenics AI is expected to be made available to BGC’s clients during the fourth quarter 2026 to deliver significant efficiencies across the trade lifecycle, including price discovery, execution, trade processing, and settlement accuracy. Designed to work seamlessly with BGC’s existing brokerage solutions, Fenics AI will automate routine execution workflows while enabling BGC’s brokers continued focus on delivering best-in-class service and market-leading innovation.

“This is our first ever AI driven trade in equity derivatives for institutional investors demonstrating that BGC can deliver significant AI-driven trading benefits to our clients,” said JP Aubin, Co-Chief Executive Officer at BGC. “Our years of investment in proprietary technology combined with our position as the world’s largest listed products broker, means we are uniquely positioned to deliver AI solutions to capital markets. This transaction is just the beginning of what we believe will be significant industry adoption of AI workflows across asset classes and geographies. BGC is committed to continuing to be at the forefront of AI trading innovation.”

Benjamin Clerget, Portfolio Manager at Hudson Bay, said, “What BGC has built represents real innovation for our markets. Fenics AI managed this trade end-to-end, from price discovery through execution. We are pleased to be a part of this exciting AI milestone.”

This initiative is just one element of BGC’s firm-wide artificial intelligence strategy. BGC is actively deploying AI across the entire organization to drive enhanced levels of client service, electronic trading and streamlined workflows that will contribute to greater operating efficiencies.

Source: BGC Group