Cantor Fitzgerald Names Stephen M. Bliss And Anthony J. Manzo As Co-Heads Of The Firm’s NASDAQ/OTC Stock Trading Business

NEW YORK, November 6, 2001 – Cantor Fitzgerald, a leading global financial services firm, today announced the appointment of Stephen M. Bliss and Anthony J. Manzo as co-heads of the firm’s NASDAQ/ OTC stock trading business. [br][br]The two will oversee the rebuilding of the firm’s NASDAQ/OTC trading activity from two separate locations. Mr. Bliss will be located in Cantor’s Darien, CT office. Mr. Manzo will operate out of a new location in Shrewsbury, NJ. Cantor’s rebuild strategy includes maximizing the talent pool throughout the tristate area, and as such, is establishing offices in key locations to realize that strategy. [br][br]”Both Steve and Anthony have the experience and in-depth relationships necessary to rebuild our OTC equities business and help us regain the leadership position that Cantor has always held, ” said Philip Marber, head of Cantor’s U.S. equities business. “We are looking forward to working with these exceptional people and seeing the results of their contributions going forward.” [br][br]Mr. Bliss rejoins Cantor’s equities business after leaving in May 2001. Prior to leaving, Mr. Bliss was a senior Nasdaq market-maker. He brings 20 years of experience in equities trading back to the company. Prior to joining Cantor, Mr. Bliss served as the director of equities trading at Mabon. [br][br]Mr. Manzo brings 24 years of experience in equities trading and risk management to Cantor. He most recently was the co-head of equity trading for Prudential Securities, Inc., where he managed a team of 85 professionals comprised of NASDAQ market makers, institutional sales traders, retail liaisons and agency traders. Mr. Manzo sits on the NASDAQ quality of markets committee. [br][br]”Steve’s rejoining the firm gave the team a sense of continuity in Cantor’s relationships and way of doing business. Anthony brings new relationships and new ideas to help us move forward,” commented Mr. Marber. [br][br]The Cantor Fitzgerald Nasdaq OTC trading desk can be reached at (203) 662-3600 or (212) 821-5613. [br][br]About Cantor Fitzgerald, L.P. [br][br]Cantor Fitzgerald, L.P. is a financial services firm with operating units that are involved in a variety of market-based business 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 wwwucts and services or enabling its clients to trade more efficiently and effectively through cutting edge technological solutions, Cantor is reinventing markets every day.

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