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Foreign Exchange

Are BGC and Tulletts at it again?

The ongoing row between BGC and Tullett Prebon is starting to make an Albanian blood feud look like a schoolboy spat.

This morning, the market is awash with rumours that there was some more staff movement between the two brokers in New York last night. Details are patchy, perhaps understandably given the ongoing legal processes – the two brokers are due to trade punches again in court in London on October 12 over a BGC raid which took place earlier this year – but apparently there may have even been a bit of a ‘hostage swap’. No doubt the latest outbreak of hostilities will result in another payday for the company’s respective lawyers. More deats may emerge as the day goes on. Feel free to send in any buzz.


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