02:18 PM
ELECTRONIC TRADING NEWSFLASHES
Cantor Fitzgerald and eSpeed to Establish New World Headquarters in NYC
Cantor Fitzgerald, the financial services provider in the equity and fixed-income capital markets, and eSpeed, a subsidiary of Cantor Fitzgerald that develops electronic trading technology for the global capital markets, will establish their new world headquarters in New York since the September 11 attacks. The companies are to take over the current headquarters of Bloomberg, L.P., at 110 East 59th Street in midtown Manhattan. The new offices will total 125,000 square feet, and the companies will have the option of leasing more room as needed. Installation of infrastructure will begin during the fourth quarter of 2004, followed by the relocation of employees beginning in the first quarter of 2005. Over the coming years, the companies plan to add an additional 200 new jobs, according to the press release. Cantor Fitzgerald "is poised to broaden its institutional reach further with the launch of its asset management business in 2005," states the press release. It also stated that eSpeed has been developing several new and successful software solutions in the last three years since the events of September 11 and has benefited from the acquisition of new managers.