name: BGC Group FinOps Surface
description: |
  FinOps-aligned view of BGC Group's billable surface across execution venues, market data, trading
  infrastructure and post-trade optimization. BGC's cost-to-serve is enterprise-relationship driven —
  there is no consumption-priced developer API. Cost dimensions below map BGC's commercial primitives to
  the FinOps Framework's billing/usage/charges concepts (FOCUS-style) so consumers can model BGC spend
  alongside other capital-markets vendor spend.
url: https://github.com/api-evangelist/bgc-partners/blob/main/finops/bgc-partners-finops.yml
specificationVersion: API Commons FinOps 0.1 (FOCUS-aligned)
created: '2026-05-23'
modified: '2026-05-23'
provider:
  name: BGC Group, Inc.
  url: https://www.bgcg.com

billableSurfaces:
  - id: fmx-futures-execution
    name: FMX Futures Exchange Execution
    chargeCategory: Usage
    chargeSubcategory: ExecutionFee
    pricingUnit: Contract traded
    description: Per-contract execution fees for SOFR and U.S. Treasury futures listed on FMX Futures Exchange.
    invoicedBy: FMX Holdings / BGC
  - id: fmx-futures-clearing
    name: FMX Futures Clearing
    chargeCategory: Usage
    chargeSubcategory: ClearingFee
    pricingUnit: Contract cleared
    description: Clearing fees levied by LCH Limited for FMX Futures trades; cross-margining with cleared IRS may reduce IM requirements.
    invoicedBy: LCH Limited
  - id: fmx-ust-execution
    name: FMX UST Execution
    chargeCategory: Usage
    chargeSubcategory: ExecutionFee
    pricingUnit: Trade notional / per trade
    description: U.S. Treasury cash execution fees on the FMX UST CLOB.
    invoicedBy: BGC
  - id: fmx-fx-execution
    name: FMX FX Execution
    chargeCategory: Usage
    chargeSubcategory: ExecutionFee
    pricingUnit: Trade notional
    description: Foreign exchange execution fees for spot, forwards, NDFs and options across the Fenics FX venue.
    invoicedBy: BGC
  - id: fenics-md-subscription
    name: Fenics Market Data Subscription
    chargeCategory: Subscription
    chargeSubcategory: DataLicense
    pricingUnit: Subscription tier
    description: Annual or monthly subscription per asset-class package, per delivery channel (Direct Feed/API, Desktop, Excel, Cloud, FTP/SFTP), and per license type (display, non-display, redistribution).
    invoicedBy: Fenics Market Data / BGC
  - id: fenics-md-historical
    name: Fenics Historical Data Access
    chargeCategory: Subscription
    chargeSubcategory: HistoricalDataLicense
    pricingUnit: Asset-class package / period
    description: One-off or recurring fees for historical time series (FX history available from 2005) across covered asset classes.
    invoicedBy: Fenics Market Data / BGC
  - id: lucera-platform-fee
    name: Lucera Platform Fee
    chargeCategory: Subscription
    chargeSubcategory: PlatformService
    pricingUnit: Tenant / capacity
    description: Lucera Connect (SDN), Compute (infra), LumeMarkets/LumeFX (single-API aggregator) bundled by tenant and capacity.
    invoicedBy: Lucera / BGC
  - id: lucera-connectivity-passthrough
    name: Lucera Venue Connectivity Pass-through
    chargeCategory: Usage
    chargeSubcategory: NetworkConnectivity
    pricingUnit: Cross-connect / port
    description: Per-venue cross-connects and ports brokered through Lucera Connect; venue / colo charges are passed through.
    invoicedBy: Lucera / Venue
  - id: capitalab-program
    name: Capitalab Compression Program
    chargeCategory: Subscription + Usage
    chargeSubcategory: PostTradeService
    pricingUnit: Annual seat + per-run fee
    description: Annual program participation plus per-run fees for IM optimization and compression cycles across rates, FX, inflation and credit portfolios.
    invoicedBy: Capitalab / BGC

allocation:
  costCenters:
    - Trading / Front Office (execution fees)
    - Market Data / Reference Data (subscriptions)
    - Infrastructure (Lucera connectivity and compute)
    - Risk / Treasury (clearing and IM optimization)
  tags:
    - asset_class
    - venue
    - desk
    - book
    - legal_entity

reportingNotes:
  - BGC does not publish FOCUS-compliant CSV exports; invoices and statements are bilateral PDFs and per-broker statements.
  - Clearing fees from LCH are billed separately from FMX execution fees and should be modeled as distinct cost line items.
  - Fenics Market Data display / non-display / redistribution use is a primary audit dimension; reconcile entitlements with vendor reports quarterly.