New York – February 19, 2002 – Cantor Fitzgerald, LP and Tullett Financial Information (C.I.) Ltd, a subsidiary of Tullett & Tokyo Liberty, plc, today announced the formation of an alliance to combine one another’s benchmark data within a co-branded page that will be offered to customers directly from Cantor Market Data, Tullett Financial Information, or through Reuters. This venture reunites the interdealer brokers who formerly provided benchmark pricing through another vendor, and exemplifies the current trend in market data distribution, providing customers with multiple points of access and more flexible distribution options.
The Cantor – Tullett swaps page, available as part of Tullett’s SwapMarker wwwuct, combines the strength of Cantor Market Data’s benchmark US Treasury Government bond data with Tullett’s leading US Dollar Interest Rate Swap prices to provide the fixed income market with high quality pricing information for the rapidly growing Interest Rate Swap market. This is the first direct deal between these two companies, and is the only deal that successfully integrates the depth and breadth of each company’s offerings to create a powerhouse wwwuct that delivers a proven benchmark US Dollar Swaps market data solution to fixed income and derivatives market participants worldwide.
“We are thrilled to be adding an additional swaps wwwuct to our Cantor Market Data offering and particularly excited to be working with Tullett’s, a leader in the Swaps market,” said Harry Fry, Senior Managing Director of Cantor Fitzgerald and Head of Cantor Market Data. “We are confident that the combined Cantor – Tullett’s swaps page will provide fixed income market participants with an extraordinary tool for realizing opportunities in this business. The launch of this combined page enables us to provide more options and flexibility to an even wider audience, by enhancing Cantor Market Data’s pre-eminent offerings of US Treasuries and worldwide Government bond data with its natural complementary swap data.”
This alliance is a further milestone in Cantor Market Data’s continued position as the leading global provider of fixed income prices to the global investment community. In addition to this alliance with Tullett Financial Information, Cantor Market Data has distribution relationships with Bloomberg, Reuters and ILX.
“Tullett Financial Information is excited to be working with Cantor on this venture. Their position as an industry leader in US government securities pricing, combines with our leadership position in Interest Rate Swaps to create another comprehensive and attractive wwwuct,” said David Mukerji, Director of Global Sales for Tullett Financial Information. “By combining our respective strengths, offering an alternative high quality service and increasing our distribution options, we are now able to provide market participants with the best swaps data available anywhere.”
Customers interested in this new wwwuct can access it directly from Cantor Market Data, atwww.cantordata.com, directly from Tullett Financial Information, or by contacting a Reuters sales representative and asking for page SMKR 100. ILX Global Systems and other vendors will carry the service shortly.
About Cantor Fitzgerald
Cantor Fitzgerald is a financial services firm with operating units that are involved in a variety of marketbased business initiatives. From its position as a leading financial intermediary in the equity and fixed income markets, Cantor has expanded the scope of its business to include investment banking, energy brokerage, telecom brokerage, CO2 emissions trading and electronic trading technology. Cantor brings its experience and expertise in the financial markets and its legacy of innovation in technology to benefit institutional investors and traders around the world. For the next five years, Cantor Fitzgerald will share 25% of its profits with the families of the Cantor, eSpeed and TradeSpark colleagues that we lost on September 11, 2001. These are profits that would have otherwise been distributable to the partners. These distributions will cover 10 years of health insurance costs for all families and provide each of those families with an additional minimum payment of $100,000 each.
About Tullett and Tokyo Liberty
Tullett Financial Information (C.I.) Ltd. is a wholly owned subsidiary of Tullett and Tokyo Liberty plc, one of the largest inter-dealer broking groups in the world, with nearly 2,000 brokers in all the leading financial centers in Europe, North America, Asia, South America and Australia and is a leading broker in fixed income securities and global money and capital markets. Tullett Financial Information provides benchmark money markets, capital markets & fixed income prices via all major information vendors and many local and specialist financial information distributors throughout the world. For more information about Tullett and Tokyo Liberty, visit www.tullib.com.