BT Securities, a subsidiary of Bankers Trust New York Corp., has hired four equity research analysts.

Jordan M. Estra, who is a metals analyst and a managing director, had been a steel industry analyst at Merrill Lynch.

John M. O'Neil is an analyst for food manufacturers and beverage companies. Mr. O'Neil was a vice president and food industry analyst at Oppenheimer & Co.

C.K. Poe Fratt, an analyst in oil field services and offshore drilling, was with Smith Barney.

Julie L. Silberstein, who covers food and drug retail companies, was at Salomon Brothers.

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