BGC Group, Inc. (NASDAQ:BGC) today announced the closing of the sale of kACE Financial, a provider of real-time pricing and advanced analytics platforms for complex FX derivatives, to smartTrade Technologies SAS, a provider of multi-asset electronic trading and payments solutions.

Under the terms of the purchase agreement, smartTrade acquired kACE for up to $119 million, subject to limited post-closing adjustments. This includes an initial payment of $80 million, with up to an additional $39 million in contingent cash consideration based on defined performance metrics some of which is expected to be received in 2026.