Interdealer broker BGC Partners has acquired Mint Partners, a six-year old agency broker, despite the fall in equity trading volumes that in part contributed to rival Icap closing its cash equities business earlier this year.
BGC said in a statement that it had completed the acquisition of various assets and businesses of Mint Partners and Mint Equities. More than 100 brokers from Mint's international business will join BGC. The price was undisclosed.