December 18, 2014 7:49 AM ET

Capital Markets

Company Overview of Cantor Fitzgerald, L.P.

Company Overview

Cantor Fitzgerald, L.P. offers investment banking and brokerage services. The firm provides capital raising, acquisition and disposition advisory, balance sheet restructuring, and merchant banking services. Cantor Fitzgerald, L.P. was founded in 1945 and is based in New York, New York.

499 Park Avenue

New York, NY 10022

United States

Founded in 1945



Key Executives for Cantor Fitzgerald, L.P.

Chairman and Chief Executive Officer
Age: 52
Managing Director of Debt Capital Markets Mortgage Business
Chief Financial Officer
Age: 53
Senior Managing Director and Director of Global Operations
President and Chief Executive Officer of Cantor Gaming Ltd.
Age: 64
Compensation as of Fiscal Year 2014.

Cantor Fitzgerald, L.P. Key Developments

Cantor Fitzgerald & Co Announces Availability of Customized Equity Algorithms Leveraging IEX's Smart Order Router and Alternative Trading System

Cantor Fitzgerald & Co. announced the availability of customized equity algorithms leveraging IEX's Smart Order Router (SOR) and Alternative Trading System (ATS), as part of the Cantor Connect Clean Algo Suite. Through Cantor's Connect Clean Algo Suite, Cantor is one of the first major firms to leverage IEX's SOR across a custom suite of algo strategies. By focusing on independent venues and leveraging IEX's anti-gaming technology, the Cantor Connect Clean Algo Suite aims to prevent information leakage and help clients improve execution quality. The Cantor Connect Clean Algo Suite includes access to IEX's SOR and a dark liquidity seeking strategy which is designed to route an outsized portion to the IEX ATS and split the balance to other independent dark pools. Also included in the suite are scheduling strategies such as VWAP and POV leveraging the IEX SOR. These strategies will take advantage of the fill rates achieved by the IEX SOR, which strives to minimize interaction with speed-driven predatory strategies. Clients will be able to access IEX's SOR and ATS through the Cantor Connect Clean Algo Suite or via the cash equity desk immediately.

Cantor Fitzgerald, L.P. Appoints Joseph Pinto as Senior Managing Director and Stephan Mcelreath as Vice President

Cantor Fitzgerald, L.P. announced the continued expansion of its Foreign Exchange (FX) Sales and Trading group with the appointment of Joseph Pinto as Senior Managing Director and Stephan McElreath as Vice President. Mr. Pinto and Mr. McElreath will be responsible for building out Cantor's global FX trading business, and increasing the firm's market making capabilities. Both will report to James Reilly, Senior Managing Director and Global Head of Foreign Exchange Sales and Trading. Mr. Pinto recently served as Head of Americas Electronic FX Sales at Goldman Sachs. Previously, he held roles in electronic FX for Bank of America and Barclays Capital. Mr. Pinto holds a B.A. in Financial Management from Quinnipiac University. Mr. McElreath recently served as Vice President of FX Sales at Goldman Sachs. Mr. McElreath holds a degree in Biomedical Engineering from Bucknell University.

A Federal Judge Uphelds All Claims Against Cantor Fitzgerald and its Owner and Chief Executive, Howard Lutnick

A federal judge has upheld all of the key claims in a lawsuit filed against Cantor Fitzgerald and its owner and chief executive Howard Lutnick by the bankruptcy estate of former futures broker Refco Inc. The suit, filed in 2013, alleges that Cantor's Nevada gaming businesses acquired proprietary technology and other assets from a subsidiary in which Refco held a 10% stake, without ever compensating the subsidiary and depriving Refco of its interest in the assets. In an 80-page ruling on Cantor's motion to dismiss delivered 10 June, US District Judge Ronnie Abrams allowed the Refco bankruptcy estate's conversion, waste, breach of fiduciary duty, aiding and abetting claims and other claims to survive against Cantor Fitzgerald and several of its subsidiaries and executives. The named individual defendants are Cantor Fitzgerald chairman and CEO Howard Lutnick, Cantor gaming president Lee Amaitis and Cantor general counsel and Cantor Index Holdings director Stephen Merkel. Financial litigation law firm Grant & Eisenhofer is counsel for Refco's bankruptcy estate and its administrator Marc Kirschner. The firm filed suit seeks to recover compensation owed to the Refco estate under Chapter 11 of the bankruptcy code. The lawsuit contends that in 2002, Refco invested USD 8 million in Cantor Fitzgerald subsidiary, Cantor Index Holdings (CIH), in exchange for a 10% partnership interest. Over the next several years, CIH developed successful gaming technology, such as devices for remote gambling and other betting techniques. The bankruptcy estate alleges that Cantor Gaming ultimately shut down CIH and took the rights of its core assets and intellectual property for its own profit, developing valuable businesses in Nevada and elsewhere - while failing to provide any compensation to the bankruptcy estate to reflect its 10% stake in CIH. The complaint notes that Cantor defendants have repeatedly represented to regulators, analysts and the press that the technology developed by CIH and its subsidiaries in the UK was critical to the successful build-out of Cantor's Nevada operations. The bankruptcy estate's suit seeks tens of millions of dollars in compensatory and punitive damages. Following the ruling, the parties in the litigation will be required to jointly submit to the court a proposed case management plan and scheduling order, and the court has set a conference on 24 June 2014.

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