BGC Partners, a brokerage company servicing the wholesale financial and real estate markets, has launched a European power desk.
Based in London, BGC's European power desk will focus on brokering power products in the French, German and Polish markets.
The launch highlights BGC's growing energy practice, which includes its oil options, softs and base metal teams in London, BGC Radix Energy in Asia, as well as its US energy derivatives desk, environmental energy commodities desk, and Houston-based electricity, natural gas and environmental group.
"BGC has steadily increased its focus on energy, a sector we believe offers plenty of growth opportunities for the interdealer broker industry," says Shaun D Lynn, president of BGC. "This announcement underscores our ambitions in this space, as well as our commitment to offering new products we believe the markets and our clients hold an appetite for."