Cantor Fitzgerald's Environmental Brokerage Services Announces New Environmental Credit Web Site.NEW YORK--(BUSINESS WIRE)--April 23, 1997-- Firm Will Donate Pollution-Lowering Credit For Every Recorded Web Site Visit Cantor Fitzgerald's Environmental Brokerage Services (EBS See Swiss Electronic Bourse. EBS See electronic blue sheet (EBS). ), the world's leading environmental credit intermediary, today announced a unique new web site for environmental credit traders, enabling them to make an immediate pro- environment statement. For each recorded visit to the new site -- www.cantor.com/ebs/ - - the firm said it will purchase and donate one credit to retire one pound of pollution from the environment, up to 5,000 pounds per month. The new web site will, initially, contain information from l9 of the most active environmental credit markets across the country. For selected markets, the data will cover air credit supply and demand, recent transactions, prices, and market price indices. More detailed, in-depth information -- available exclusively to registered users -- will be drawn from the firm's busy Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. area Continuous Clean Air Auction and Title IV S02 allowance market. This includes supply and demand data, bid and offer prices, and recent and pending transactions. Information from other California air districts, including San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Sacramento, and the San Joaquin Valley Noun 1. San Joaquin Valley - a vast valley in central California known for its rich farmland Calif., California, Golden State, CA - a state in the western United States on the Pacific; the 3rd largest state; known for earthquakes , will also be posted on the new site as will market data from Pennsylvania, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, Texas, Connecticut, and other states. Information concerning water credits and other geographic locations is expected to be added in the near future. Explaining EBS' move to make this level of information so readily accessible, Managing Director Carlton Bartels said: "Our goal is to help our clients make informed and reasoned decisions and work with them to execute trades quickly and efficiently. The web site will allow them to get timely and accurate data about the Title IV SO2 allowance and Title I air credit markets." The availability of an active marketplace for environmental credits -- and a flexible, low-cost means to exchange them -- gives large and small industrial concerns a strong financial incentive to invest in equipment and technology and make production changes that will lower their output of air and water pollutants. Commenting on the EBS environmental donation, Senior Vice President Josh Margolis noted: "We had an outstanding 1996. This year, having already transacted over 4.4 million RECLAIM Trading Credits in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , hundreds of pounds per day of emission reduction credits, and thousands of SO2 allowances, we are maintaining that record pace. As a result, we're pleased to make this pro-environment gesture and give web-users a way to help lower air pollution." Cantor Fitzgerald Environmental Brokerage Services is a division of Cantor Fitzgerald, L.P. Since it was established in 1992 to develop markets created through the increasing adoption of market-based mechanisms for compliance with environmental regulations, the EBS group has transacted more than $180 million in environmental credit transactions. Founded in 1945, Cantor Fitzgerald provides a broad spectrum of trade execution and information services See Information Systems. . It is the largest screen broker of US Government Securities in the world. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Cantor Fitzgerald employs over 2,200 people globally and transacts close to $30 trillion in financial assets Financial assets Claims on real assets. annually. CONTACT: Debra Walton-Collings Cantor Fitzgerald, L.P. (212) 938-7235 |
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