BGC Partners to buy RP Martin’s assets

US-based interdealer broker agrees to acquire main assets of UK rival

BGC Partners, the US-based interdealer broker, has agreed to acquire the main assets of UK rival RP Martin, one of the interdealer brokers fined in the Libor-rigging scandal.

The New York-based group has acquired RP Martin's London-based assets and expects to buy "further businesses and assets of RP Martin in Sweden and the Netherlands" next year, it said in a statement on Monday.

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