ESpeed
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| Private | |
| Industry | Investment Services |
| Founded | 1945 |
| Headquarters | New York City, New York, U.S. |
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Key people
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Howard W. Lutnick (Chairman & CEO) Shawn Matthews (CEO, Cantor Fitzgerald & Co.) |
| Products |
Financial services Investment banking |
| Website | cantor.com |
Cantor Fitzgerald, L.P., is a financial services firm that was founded in 1945. It specializes in institutional equity, fixed income sales and trading, and serving the middle market with investment banking services, prime brokerage, and commercial real estate financing. The firm is also active in new businesses including advisory and asset management services, gaming technology, e-commerce, and other ventures. It has more than 5,000 institutional clients.
Cantor Fitzgerald & Co. is one of 22 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald's 1,600 employees work in more than 30 locations, including financial centers in the Americas, Europe, Asia/Pacific, and the Middle East. Together with affiliates, Cantor operates in more than 60 offices in 20 countries and has more than 8,500 employees. In 2011, Cantor's affiliate BGC Partners expanded into commercial real estate services through its purchase of Newmark Knight Frank and the assets of Grubb & Ellis to form Newmark Grubb Knight Frank.
Cantor Fitzgerald was formed in 1945 by Bernard Gerald Cantor and John Fitzgerald, as an investment bank and brokerage business. It later became known for its computer-based bond brokerage, the quality of its institutional distribution business model, and as the market's premier dealer of government securities.
In 1965, Cantor Fitzgerald began "large block" sales/trading of equities for institutional customers. It became the world's first electronic marketplace for U.S. Government Securities in 1972, and it was the first to offer worldwide screen brokerage services in U.S. Government Securities in 1983.
In 1991 Howard Lutnick was named President & CEO of Cantor Fitzgerald, and Chairman in Cantor Fitzgerald, L.P., in 1996.
On September 11, 2001, the firm lost 658 of its 960 New York employees in the World Trade Center attacks. Since 9/11, the firm worked to rebuild and establish a new global headquarters in Manhattan. Two years after 9/11, it launched its fixed income sales and trading group.
In 2006 the U.S. Federal Reserve added Cantor Fitzgerald & Co. to its Primary Dealer list. In 2009, the firm launched Cantor Prime Services, a provider of multi-asset, Prime Brokerage platform exploiting its clearing, financing and execution capabilities.
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Wikipedia