Cantor Fitzgerald - History

History

Cantor Fitzgerald, formed in 1945 as an investment bank and brokerage business, became known for its innovation in 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. Cantor Fitzgerald became the world’s first electronic marketplace for U.S. Government Securities in 1972 and shortly thereafter, the firm became 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 11th, 2001, the firm lost 658 of its 960 New York employees in the World Trade Center attacks. Since 9/11, the firm worked tirelessly to rebuild and establish a new global headquarters in Manhattan. Two years after 9/11, Cantor Fitzgerald 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, Cantor Fitzgerald launched Cantor Prime Services, a provider of multi-asset, global Prime Brokerage platform leveraging the clearing, financing and execution capabilities of the firm.

Cantor Fitzgerald began building its real estate business with the launch of Cantor Commercial Real Estate in 2010, and continues to aggressively expand worldwide.