Cantor Fitzgerald Promotes Shawn Matthews And Scott Moore

New York and Chicago – (September 26, 2007) – Cantor Fitzgerald, L.P. today announced its renewed commitment to the mortgage-backed securities market with the promotion of Shawn Matthews in New York and Scott Moore in Chicago as Senior Managing Directors and co-heads of Cantor’s mortgage-backed sales and trading business.  [br][br]In announcing their appointment, Howard W. Lutnick, Chairman and Chief Executive Officer of Cantor Fitzgerald, said, “The dislocation of the mortgage-backed securities market is a tremendous opportunity to capitalize on Scott’s and Shawn’s superb capabilities. Their deep knowledge and understanding of asset-backed and mortgage-backed wwwucts is a tremendous asset. Under their leadership, we are extremely confident that our high-payout, customer-driven, distribution-based model will drive strong growth in our business.”[br][br]“The mortgage-backed and asset-backed market has been in transition as spreads have widened and customers have pulled back from buying riskier asset classes. The resulting repricing of credit has resulted in a gaping space in the credit markets and consequently, a great opportunity for Cantor.  We’re building out desks at our New York office and adding capacity at our regional offices across the country,” said, Irvin Goldman, President and CEO of Cantor Fitzgerald Debt Capital Markets and Asset Management. [br][br]Mr. Moore said, “The best way to seize the opportunity in front of us today is to build our team dramatically.  Over the past few years we have built infrastructure.  Now, our mission is to hire the best salespeople in the marketplace.”[br][br]Mr. Matthews added, “We want talented sales professionals with superb customer relationships who are motivated by a high payout, distribution environment to join us.  This is the moment for bold action to provide exceptional value to our customers and accelerate our business.”[br][br]Mr. Matthews and Moore encourage inquiries from professionals.  Mr. Matthews can be reached at 212-829-5290.  Mr. Moore can be contacted at 312-469-7430.[br][br]About Cantor Fitzgerald, L.P.[br]Cantor Fitzgerald, L.P. is a leading global financial services firm.  The Cantor Fitzgerald franchise includes institutional equity and fixed income sales and trading, investment banking, private equity, and asset management, as well as other businesses and ventures.  For nearly 60 years, Cantor Fitzgerald, a proven and resilient leader, has been committed to delivering a unique brand of unparalleled wwwuct expertise, innovative technology and customer service to its clients around the world. For more information, please visit aws-dev1.cantor.com. [br][br]Contacts[br]Robert Hubbell[br]Cantor Fitzgerald[br]212-294-7820[br]rhubbell@cantor.com[br][br]Florencia Panizza[br]Cantor Fitzgerald[br]212-294-7938[br]fpanizza@cantor.com[br][br]Kelly Smith[br]Gavin Anderson & Co.[br]212-515-1968[br]ksmith@gavinanderson.com