Interdealer broker BGC Partners has hired a 30-strong team of traders from Tullett Prebon, marking the second time this year that the New York-based firm has plucked a large group of staff from its London rival.
At least 30 Tullett Prebon fixed-income brokers are joining BGC, according to a Bloomberg report. It is understood that they talked to a number of firms before deciding on the move. BGC declined to comment. Tullett Prebon was unavailable for comment.