BGC acquires Radix Energy

Interdealer broker BGC has purchased Singapore-based broker Radix Energy, enabling BGC to offer voice and electronic brokerage services for products such as crude oil, naptha, middle distillates, fuel oil and freight.

Richard Tan, founder and managing director of Radix, will remain with the business as a managing director responsible for BGC's energy division, reporting locally to Craig Bannister, managing director at BGC in Singapore.