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Segment, Geographic and Product Information
12 Months Ended
Dec. 31, 2022
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. BGC provides or has provided brokerage services to the financial markets, integrated Voice, Hybrid and Fully Electronic brokerage in a broad range of products, including fixed income (Rates and Credit), FX, Equities, Energy and Commodities, 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. On November 1, 2021, the Company sold its Insurance brokerage business to The Ardonagh Group (see Note 5— "Divestitures").
Geographic Information
The Company offers products and services in the U.K., U.S., Asia (including Australia), Other Europe, MEA, France, and Other Americas. Information regarding revenues is as follows (in thousands):
Year Ended December 31,
202220212020
Revenues:
U.K.$647,916 $835,371 $867,066 
U.S.542,744 517,269 518,811 
Asia271,678 301,489 311,190 
Other Europe/MEA172,376 200,409 192,852 
France92,649 99,933 107,679 
Other Americas67,939 60,893 59,163 
Total revenues$1,795,302 $2,015,364 $2,056,761 
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; goodwill; other intangible assets, net of accumulated amortization; and rent and other deposits) in the geographic areas is as follows (in thousands):
Year Ended December 31,
20222021
Long-lived assets:
U.S.$787,321 $771,696 
U.K.401,823 412,767 
Asia76,870 73,779 
Other Europe/MEA46,413 47,888 
Other Americas17,736 16,032 
France13,019 16,996 
Total long-lived assets$1,343,182 $1,339,158 
Product Information
The Company’s business is based on the products and services provided and reflect 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, Energy and Commodities, and Futures and Options. The Company 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. On November 1, 2021, the Company sold its Insurance brokerage business to The Ardonagh Group (see Note 5—"Divestitures").
Product information regarding revenues is as follows (in thousands):
Year Ended December 31,
202220212020
Revenues:
Rates$549,503 $558,507 $544,094 
FX299,721 301,328 315,253 
Energy and commodities291,665 296,458 292,641 
Credit271,419 287,608 329,904 
Equities234,493 247,673 254,702 
Insurance1
— 178,087 182,707 
Total brokerage revenues$1,646,801 $1,869,661 $1,919,301 
All other revenues148,501 145,703 137,460 
Total revenues$1,795,302 $2,015,364 $2,056,761 
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1On November 1, 2021, the Company sold its Insurance Brokerage business to The Ardonagh Group (see Note 5—“Divestitures”).