Cantor Fitzgerald Wins No. 1 Ranking in Plexus Study of Institutional Brokerage Stock Trading Expertise.NEW YORK--(BUSINESS WIRE)--Feb. 24, 1997--Cantor Fitzgerald and Company's listed stock trading department has earned the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. No. 1 ranking for exchange-listed trading expertise in the quarterly Plexus Plexus - A modular World-Wide Web server written in Perl by Tony Sanders <sanders@earth.com>. Comes with interfaces to allow many other information services to be served via the Web. Version 3.0m 1994-07-22. BrokerEDGE Monitor survey. Scoring 47 out of a possible 48 stars, 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. rose from the middle of Plexus' Institutional Brokerage Group rankings in 1995 to capture the authoritative survey's highest position in 1996. The Plexus BrokerEDGE study derives its rankings from detailed and objective analysis of over 1,000,000 trades by 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. . Among the key criteria the unique study uses to evaluate each trade are market impact, opportunity-cost, and quality of execution. "I attribute this dramatic rise in our ranking to Philip Marber's leadership of the firm's listed trading and an outstanding institutional salesforce," commented Peter J. DaPuzzo, president of Cantor Fitzgerald's Equity Sales and Trading Division. "Since Marber took over as head trader and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the Division in March 1996, he has turned listed and third-market trading around as evidenced by the latest Plexus study. Cantor Fitzgerald's total focus on institutional trading, without the conflicts of a retail system or investment banking activities, is what enables us to provide our customers with superior execution." The Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , California-based Plexus Group is an independent research consultancy that periodically ranks institutional investor stock trades. The firm, whose clients manage assets in excess of $750 billion, seeks to improve the performance and quality of investment management and reduce costs through intensive analysis of the trading process. Cantor Fitzgerald L.P. provides a broad spectrum of institutional brokerage and execution services to the global financial markets. Cantor Fitzgerald is the world's largest broker of U.S. Government securities, Eurobonds and sovereign debt and one of the largest equity third market firms in the U.S. It also actively brokers mortgage-backed, municipal and corporate fixed income securities as well as emerging markets and futures. 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 over 2000 people in offices throughout the U.S., Europe, and Asia. CONTACT: Debra Walton-Collings Cantor Fitzgerald, L.P. 212/938-7235 |
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