BGC Brokers L.P., an entity within the BGC Partners, Inc. group (NASDAQ: BGCP) today announced it has acquired the business and certain assets of Sterling International Brokers Limited, a London-based broking firm specializing in Sterling and other major currency transactions.
"We are excited to acquire the business of Sterling International Brokers which has a strong reputation, talented team of brokers, excellent suite of products and a broad client base," commented Mark Webster, Executive Managing Director and General Manager, at BGC. He continued: "The firm's focus on Sterling and other major currency transactions complements the products we offer clients and we look forward to adding this excellent business into our firm imminently."
Previously owned by the Skipton Building Society, Sterling International Brokers' clients include banks, building societies, the public sector and commercial participants in the Sterling and Currency markets. It is regulated by the Financial Services Authority.