ED&F Man Said to Hire Fixed-Income Team From Interactive Brokers
Commodity broker ED&F Man Holdings Ltd. has hired a group of fixed-income traders who left Interactive Brokers Group Inc. last year, according to people with knowledge of the matter.
They joined ED&F Man last week, said two people, who asked not to be named because the information isn’t public.
ED&F Man, which has roots in the 18th century, is known for trading agricultural commodities such as sugar and coffee, but it’s signaled a desire to expand in debt trading. In June, Chris Smith, chief executive officer of ED&F Man Capital Markets, hailed the company’s new membership in the Depository Trust & Clearing Corp. as “a significant step towards our efforts to build a fixed income platform to provide broad access and liquidity to our institutional customers.”
Caitlin Duffy, a spokeswoman for Greenwich, Connecticut-based Interactive Brokers, and Emma Kane, a spokeswoman for ED&F Man, declined to comment.