U.K. Broker Mint Equities Discussing Potential Alliance With Lutnick's BGC
Mint Equities Ltd., a London-based broker that matches buyers and sellers in stock, bond and derivatives markets, is discussing a potential partnership with interdealer broker BGC Partners Inc.
“We are in early discussions with regards to a potential strategic alliance,” Mint director and co-founder Tim Bullman said today in a telephone interview. He declined to elaborate on what the discussions may lead to. “We’re not looking to sell the business,” he said. “We’re always looking for opportunities that present themselves.”
Mint, which was started in 2004, has about 150 employees, 500 institutional clients and offices in Dubai, New York and Paris, according to its website.
Robert Hubbell, a spokesman for New York-based BGC, declined to comment.
BGC, which matches trades between banks, had 1,551 brokers and salespeople as of March 31, according to a May 5 statement. BGC was separated from Cantor Fitzgerald LP in 2004 and merged with eSpeed Inc. in 2008. Howard Lutnick, the chairman of Cantor Fitzgerald, is chief executive of BGC Partners.