Cantor Fitzgerald Strengthens Equities Trading

New York– (October 19, 2007) – Cantor Fitzgerald & Co. today announced that it is strengthening its equities trading business with the appointment of Edward Laux, currently Head of Listed Trading, to the new role as Head of Trading in the U.S. In addition, William Clark, senior OTC trader, along with Michael Ferry, who is joining Cantor, have been named to the new positions of Co-heads of OTC Trading. Tony Manzo, who has served as Managing Director of OTC Trading, is retiring from that position, and will continue to serve Cantor’s equities trading team in a consulting role.[br][br]In announcing the appointments, Philip Marber, President and CEO of Cantor Fitzgerald Equity Capital Markets, said, “Ed Laux’s deep knowledge of the marketplace and unwavering commitment to outstanding service and execution, combined with his leadership strengths, make him an ideal choice to take on his new role as Head of Trading in the U.S.   We look forward to Ed’s further contributions in meeting our clients’ needs and driving the growth of our business.”  [br][br]Mr. Marber added, “We are indebted to Tony for his deep commitment, passion and vigor in growing our business over the past six years. His work in re-building the OTC Desk after 9/11 is a testament to his dedication and skill.”[br][br]“As we marshal our resources in new ways to create greater efficiencies in serving our clients,” Mr. Marber said, “Billy Clark will leverage his proven trading skills in the new role as Co-head of OTC Trading.  In Billy’s six years with Cantor, he’s demonstrated time and again the ability to help clients achieve their strategic objectives. Adding further to our team, we’re also delighted to welcome Michael Ferry to Cantor as Co-head of OTC Trading.  Mike brings a strong record of outstanding client service and exceptional effectiveness in trading execution.”[br][br]About Cantor Fitzgerald, L.P.[br][br]The Equity Capital Markets business of Cantor Fitzgerald & Co., a leading global financial services firm, is one of the world’s largest third-market brokers.  Known for efficiency and effectiveness of execution and cross-ratios, Cantor Fitzgerald Equity Capital Markets offers clients trading services in exchange-traded and over-the-counter cash equities, equity and index options, convertible and structured wwwucts, and risk arbitrage, program trading, and stock lending services. Combined with Cantor’s broad distribution network and global trading platform, our U.S. equity research adds value and visibility to small and mid-cap companies in key sectors of the economy.[br][br]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. [br][br]For more information, please visit aws-dev1.cantor.com. [br][br]Note to Editors: Cantor Fitzgerald, L.P. is the parent company of Cantor Fitzgerald & Co.[br][br]Contacts[br][br]Melanie Gordon       [br]Cantor Fitzgerald     [br]Office 212-610-2314        [br]Mobile 917-674-5815      [br]mgordon@cantor.com        [br][br]Robert Hubbell[br]Cantor Fitzgerald[br]Office 212-294-7820[br]rhubbell@cantor.com