Broking: BGC bolts on equity derivative business

“We wanted to complement our emerging markets business” Nick Ruddell, BGC

The deal is a simple one, and increases BGC’s presence in emerging markets, a priority for the company. BGC knew what kind of business it was looking to buy, and found the perfect candidate at Marex Financial, an independent futures broker. “We decided six months ago that we wanted to get into emerging markets equity derivatives,” says Nick Ruddell, senior managing director at BGC. “We wanted to complement our emerging markets business, where we have strength in interest rate products.”