Cantor Fitzgerald Expands Its Capabilities In Fixed Income And Currency Research, Asia; Uwe Parpart Joins Firm

NEW YORK – June 7, 2006 – Cantor Fitzgerald & Co., a leading global financial services provider to the institutional equity and fixed-income markets, announced today that Uwe Parpart has joined the firm as a Managing Director and Head of Fixed Income and Currency (or FX) Research, Asia. He will report to David Goldman, Global Head of Fixed Income Sales. [br] [br] Prior to joining Cantor Fitzgerald, Mr. Parpart was a senior currency strategist at Bank of America in Hong Kong, responsible for coverage in Japan, Korea, and China (Mainland, Taiwan, and Hong Kong). Previously, Mr. Parpart was also an adviser on corporate finance for Kwan Wing Holdings, a private holding company for several Hong Kong-listed firms doing business in the financial, telecommunications, and media sectors in mainland China. He has been working in Asia since the late 1980s. [br] [br] “We’re extremely excited about adding Uwe to our team,” said David Goldman, “His extensive experience in Asia and expertise across markets will make a major contribution to our global presence.” [br] [br] Mr. Parpart was a naval officer in the Federal Republic of Germany and completed his Ph.D. in philosophy and graduate work in mathematics at Princeton University and the University of Pennsylvania. He has taught at the University of Pennsylvania and Swarthmore College, and has contributed to numerous newspapers and magazines. [br] [br] About Cantor Fitzgerald, L.P. [br] [br] Cantor Fitzgerald & Co. is a leading financial services provider to the institutional equity and fixed income markets, with wwwucts and services including sales and trading, investment banking, asset management, market data, and market commentary. For nearly 60 years, Cantor Fitzgerald, a proven and resilient leader, has been committed to delivering a unique brand of unparalleled trading and distribution services, wwwuct expertise, innovative technology and customer service to its clients around the world. This commitment also extends to numerous philanthropic endeavors, including the firm’s pledge to donate for five years 25% of the profits it would otherwise distribute to its partners to benefit the families of the employees lost on September 11, 2001. For more information, please visit . [br] [br] Media for Cantor Fitzgerald: Tristan B. Peniston-Bird, 212-515-1933 or Kelly Smith, 212-515-1968

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