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Broker BGC to open Moscow office next month-Reuters.com

Electronic broker BGC Partners (BGCP.O) is to open an office in Moscow next month providing brokerage services to clients locally and internationally, the company said on Monday. BGC, which has 18 offices around the world, will have about 35 staff in the Moscow office, covering a range of products including bonds, forex and equities, a spokeswoman for BGC said. It gave no reason for the decision to set up in Moscow or the timing of the move.

BGC is an inter-dealer broker providing an electronic marketplace for banks, hedge funds, investment banks, trading firms and investment firms for trading a range of financial products, including bonds, foreign exchange and derivatives.

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