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Cantor Fitzgerald & Co. Added to Primary Dealer List; The New York Fed Designates Cantor a Primary Dealer for U.S. Government Securities.


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
 -- Cantor Fitzgerald Cantor Fitzgerald L.P. is a global financial services firm specializing in bond trading, as well as investment banking, asset management, market data and brokerage services.  & Co., a leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 provider to the institutional equity and fixed income markets, announced today that it has been designated a primary dealer by the Federal Reserve Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. . Effective August 1, the addition of Cantor Fitzgerald & Co. will result in a list of 23 primary dealers who are permitted to trade U.S. Government Securities directly with the Federal Reserve Bank of New York.

Cantor Fitzgerald & Co. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Irvin Goldman said, "The primary dealer designation is part of the continued evolution of Cantor Fitzgerald & Co. Our overall business objective is to deliver the highest level of customer service to our clients as we continue to grow and develop in every aspect of debt capital markets."

About Cantor Fitzgerald & Co.

Cantor Fitzgerald & Co. is a leading financial services provider to the institutional equity and fixed income markets, with products and services including sales and trading, investment banking, asset management, market data and market commentary. For nearly 60 years, Cantor Fitzgerald & Co., a proven and resilient leader, has been committed to delivering a unique brand of unparalleled trading and distribution services, product expertise, innovative technology and customer service to its clients around the world. This commitment also extends to numerous philanthropic phil·an·throp·ic   also phil·an·throp·i·cal
adj.
1. Of, relating to, or marked by philanthropy; humanitarian.

2. Organized to provide humanitarian or charitable assistance:
 endeavors, including the firm's pledge to benefit the families of the employees lost on September 11, 2001. For more information, please visit www.cantor.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 31, 2006
Words:235
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