Cantor spins off voice brokerage business

The stand-alone brokerage entity, to be called BGC Partners, launches October 1

Cantor Fitzgerald has announced that it will spin off its global voice brokerage business to form BGC Partners, which will provide brokerage services to wholesale fixed-income, interest rate, foreign exchange and derivatives markets worldwide. Moreover, it will give clients access to electronic trading and technology support from eSpeed, a developer of electronic marketplaces and trading technology.

Slated for October 1, the spin-off will be a private partnership with offices in London, New York

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