BGC Radix Energy will enable BGC to offer its clients voice and electronic brokerage services in the world’s energy markets for the first time, with products including crude oil, naptha, middle distillates, fuel oil and freight swap derivatives, according to BGC.
The acquisition will mark the latest development in the growth and expansion of BGC following the acquisitions of Euro Brokers, ETC Pollak, Aurel Leven Securities, the equity derivatives business of Marex Financial and the announcement that BGC is to merge with eSpeed.
Shaun Lynn, president of BGC, said: World energy markets have experienced the same tremendous volatility as elsewhere in recent months and acquiring Radix Energy gives BGC the opportunity to offer existing clients access to these markets and clients of Radix access to BGC’s global price discovery, execution and transaction processing services.
