Inter-dealer broker Cantor Fitzgerald has plans to launch a Bitcoin financing business in an effort to help investors leverage their Bitcoin. “The firm will launch with $2 billion in initial financing and will continue to substantially grow the operation,” according to the initial announcement. “To launch the effort, Cantor Fitzgerald will partner with select Bitcoin… Read More >>
Cantor Fitzgerald & BMO Capital Settle ADR Cases
The U.S. Securities and Exchange Commission (SEC) reports that broker Cantor Fitzgerald & Co. will pay more than $647,000 and broker BMO Capital Markets Corporation will pay more than $3.9 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs are U.S. securities that represent foreign shares of a foreign company,… Read More >>
Cantor Fitzgerald Fined $2M for Alleged SHO Violations
The Financial Industry Regulatory Authority (FINRA) reports that it has fined Cantor Fitzgerald & Co. $2 million for regulation SHO violations and supervisory failures spanning a period of at least five years. The SEC adopted regulation SHO to “address concerns regarding persistent failures to deliver and potentially abusive ‘naked’ short selling, e.g., the sale of… Read More >>
GTS Wants to Democratize Market Access via Acquisition
High-frequency trading (HFT) firm GTS is acquiring for an undisclosed sum the exchange-traded funds (ETFs) and wholesale market-making businesses of Cantor Fitzgerald, a move that will bring institutional and retail clients the same access to the benefits of machine learning, artificial intelligence (AI) and execution technology, GTS officials say. GTS describes itself as “a quantitative… Read More >>
Cantor Fitzgerald Hires Deutsche Bank’s Former Co-CEO
Interdealer broker Cantor Fitzgerald has hired Anshu Jain, the former co-CEO of Deutsche Bank, as its new president with a mandate to oversee the firm’s next phase of growth. In a prepared statement, Howard W. Lutnick, chairman and CEO of Cantor Fitzgerald, L.P. (CFLP), says that Jain in his newly created post will help “improve… Read More >>
Stanley Young Reemerges at Kensho as Cantor in Canada Hires from Stifel Nicolaus
Stanley Young Serves as Strategic Advisor to Kensho Stanley Young, the former CEO of Bloomberg’s Enterprise Products and Solutions, is now a senior strategic advisor to Kensho, a maker of analytics software for capital markets, says a company official.The Cambridge, Mass.-based vendor develops products based on parallelized algorithms and machine learning. Young will be helping… Read More >>
