Cantor Fitzgerald

Statement From Cantor Fitzgerald And eSpeed

London -- 13 September 2001 - Cantor Fitzgerald and eSpeed (NASDAQ:ESPD) confirmed that their trading systems were fully operational on the re-opening of the US Treasury market. Since the Tuesday tragedy in theUnited States, the companies have been operating continuously in both the European and Asian bond and equity markets. The firm's multiple locations in the US and overseas, and system redundancies have enabled it to maintain trading of its financial products. Cantor and eSpeed is in contact with its clients to offer assurance.

Regular updates about the companies will be posted on our emergency website, www.cantorusa.com.

For all US media contacts: Edelman Public Relations Worldwide Jeff Siegel 212-819-4863 Mike Holloway 212-704-4532

For all UK media contacts: Edelman Public Relations Worldwide Claire Corrie +44 207 344 1305 Luke Merryweather +44 207 344 1515

Cantor Fitzgerald and eSpeed International Cara Kiewel +44 207 894 8017/7300 .

m. + 44 7879 421 072

About Cantor Fitzgerald, L.P.

Cantor Fitzgerald, L.P. is a financial services firm with operating units that are involved in a variety of market-based businesses initiatives. From its position as a leading financial intermediary in both the equity and fixed income markets, Cantor has expanded the scope of its business to include portfolio trading, investment banking, financial spread betting, market advisory, energy 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. Whether creating new products and services or enabling its clients to trade more efficiently and effectively through cutting edge technological solutions, Cantor is reinventing markets every day.

About eSpeed, Inc.

eSpeed, Inc. operates multiple buyer/multiple seller real-time electronic marketplaces. eSpeed's suite of marketplace tools provides end-to-end transaction solutions for the purchase and sale of financial and nonfinancial products via the Internet or over eSpeed's global private network. eSpeed currently provides the marketplace infrastructure for 48 financial and non-financial instruments, including most of the world's fixed income marketplaces. eSpeed transacts over $200 billion of financial instruments daily and is headquartered in New York City. Additional information on eSpeed is available via the Internet at www.espeed.com.

PDF version