Cantor Fitzgerald And eSpeed To Move To New Location In Manhattan

New York (March 13, 2002) – Cantor Fitzgerald, a leading financial services firm and eSpeed, its subsidiary for electronic trading, have signed a short-term lease for new office space on 57th Street and Lexington Avenue in Manhattan, Cantor Fitzgerald and eSpeed Chairman and CEO Howard Lutnick announced today. [br][br]The move, which will take place in the late spring, will reunite 352 employees from temporary locations on Park Avenue in Manhattan and in Rochelle Park and Weehawken in New Jersey. These workers had previously worked at Cantor and eSpeed’s World Trade Center offices. Cantor Fitzgerald and eSpeed will stay in the temporary space for two years, while the companies determine their space needs for the future. [br][br]”It’s very important to us to be able to bring our Cantor Fitzgerald and eSpeed employees back together,” said Mr. Lutnick, Chairman and CEO of both Cantor Fitzgerald and its publicly traded subsidiary, eSpeed. “This team has done an extraordinary job of rebuilding these two companies and it will be wonderful to have such an amazing team of heroes together again.” [br][br]The temporary space is a two-year lease for approximately 80,000 square feet on five floors. Additionally, company representatives are exploring options in the metropolitan area for the companies’ long-term, permanent space needs. [br][br]Cantor Fitzgerald and eSpeed lost 658 employees in the September 11 attacks on the World Trade Center, where the company had occupied 250,000 square feet of space on five floors. [br][br]Since then, about 110 workers have been housed in space on Park Avenue in midtown Manhattan that had been lent by UBS Warburg. Another 242 employees are in the two New Jersey sites. In the metropolitan area, Cantor Fitzgerald also has offices in Darien, Conn., and a newly opened office in Shrewsbury, N.J. [br][br]Media Inquiries Contact: Cantor Fitzgerald/eSpeed – Amy Nauiokas 212-821-6742 Dan Klores Communications – Ed Tagliaferri 212-981-5182

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