Cantor Fitzgerald Launches Its "Morning News" Equity Information Service On The Internet.NEW YORK--(BUSINESS WIRE)--February 17, 1998-- Popular Market Information Service Goes On-Line 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. and Co. will make the firm's daily proprietary "Morning News" market information service available to institutional traders, money managers and salespersons for the first time on the Internet, the Internet, the, international computer network linking together thousands of individual networks at military and government agencies, educational institutions, nonprofit organizations, industrial and financial corporations of all sizes, and commercial enterprises company announced today. "The Morning News" is a succinct, tightly-edited information packet that distills and summarizes key market data, trends, and news events likely to impact global stock and bond markets. The popular "insiders guide to what's happening in global financial markets today" has been distributed since 1995 via fax every business morning to over 1,000 fund managers, analysts, portfolio managers and institutional traders. "Feedback from institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. subscribing to this unique service has been so enthusiastic since its launch two years ago, the decision was made to make `The Morning News' accessible to a much broader on-line audience," said Lauren Butler, senior vice president, the firm's Global Information Services See Information Systems. Group (GIS). It will also be available through other major market data vendors in the near future. "`The Morning News' is an invaluable resource for any institutional player in the global financial markets. It saves precious time by pin-pointing only what's significant and relevant," commented Blaire Horne, first vice president of investments at Morgan Stanley/Dean Witter witter Verb Chiefly Brit informal to chatter or babble pointlessly or at unnecessary length [origin unknown] witter verb chatter, chat, rabbit (on) , who has been receiving the service by fax since it was first published. Neil Feinberg, director of equity portfolio managers at Mackay-Shields Financial Corporation, added: "`Morning News' is an excellent information vehicle. I can't start a business day without it." "The Morning News" daily menu includes: -- Compilations and summaries of information from all leading financial publications such as the Wall Street Journal, 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 Times, Financial Times, Investor's Business Daily Investor's Business Daily (IBD) is a national newspaper in the United States, published Monday through Friday, that covers international business, finance, and the global economy. Founded in 1984 by William O'Neil, its headquarters are in Los Angeles, California. , Forbes, Business Week, Barron's, etc. -- Insightful, detailed investment commentary by Cantor Fitzgerald's in-house analysts featuring Bill Meehan, the firm's highly-respected chief market strategist Noun 1. market strategist - someone skilled in planning marketing campaigns strategian, strategist - an expert in strategy (especially in warfare) , and one of most quoted analysts on Wall Street. -- Forecast estimates and summaries of economic data, company earnings and major stock indices. -- Objective rankings of current and upcoming IPOs based on surveys of institutional supply and demand preferences. -- The most complete listing of all major investment meetings, analyst meetings, conference calls and road shows that day. -- Summaries and calculations of all overnight earnings announcements, enabling subscribers to access the positive or negative impact of any surprises before the market opens. -- Proprietary reports on mutual fund flows and electronic redistribution of this key leading indicator Leading Indicator A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators are used to predict changes in the economy, but are not always accurate. as well as four-week moving averages. -- An overview of U.S. government securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the activity and reactions to breaking stories and economic releases. The Internet version of "The Morning News" is available for free trial subscritions immediately. For information, call 1-888-777-0180. "Morning News" is distributed by Global Information Services (GIS), a division of Cantor Fitzgerald, L.P. The unit specializes in the development of news, commentary and analytical services for the financial market professional. The unit combines information from a variety of real-time and historical market sources to provide customers with the information and analytics they need to make quality trading decisions. Cantor Fitzgerald, L.P. provides a broad spectrum of institutional brokerage and execution services to the global financial markets. It operates the world's largest electronic marketplace for G-10 sovereign debt, emerging markets, and Eurobonds and is also one of the largest "third market" equity operations in the U.S. stock market. 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, L.P. currently employs more than 2,300 people in offices throughout the U.S., Canada, Europe, and Asia serving the world's largest banks and security houses. CONTACT: Debra Walton-Collings Cantor Fitzgerald, L.P. (212) 938-7235 |
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