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CANTOR FITZGERALD EXPECTS TO RESUME OPERATION FRIDAY

 NEW YORK, March 4 /PRNewswire/ -- Following recent statements concerning the status of its operations at the World Trade Center, the Cantor Fitzgerald Group of Companies today said that tests on the firm's computer system have been encouraging and that it expected to resume limited brokerage activity in U.S. Government securities on Friday morning at 10 a.m. Initially, brokerage activities will commence with Government Security Clearing Corporation netting members and only in certain issues.
 Cantor Fitzgerald is currently conducting brokerage activities in corporate bonds, municipal bonds, certain collateralized mortgage obligations and zero coupon securities. Additional Cantor Fitzgerald equity sales and trading business continues through the company's Century City office in California and at branches in Chicago, Boston and Dallas. The New York based equity and sales division is being relocated in the downtown area. Cantor Fitzgerald's currency options division has been conducting business from London and the foreign exchange business will be operating out of New York and London shortly. International Government bonds, Eurobonds and brokerage in gilt edge securities remain unaffected and business continues as usual.
 In New York City, Cantor Fitzgerald is currently sharing operating facilities at Chemical Bank, Dow Jones/Telerate, Salomon Brothers, Discount Corporation, Bank of America and at Nomura Securities in space owned by Continental Insurance Company.
 -0- 3/4/93
 /CONTACT: John M. Cathey of Ruder Finn, Inc., 212-593-6385, for Cantor Fitzgerald Group/


CO: Cantor Fitzgerald Group ST: New York IN: FIN SU:

TM-TS -- NY113 -- 3200 03/04/93 17:39 EST
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Publication:PR Newswire
Date:Mar 4, 1993
Words:249
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