Cantor Fitzgerald Launches Its Own Private Market Exchange
November 19, 2011
• Udayan Gupta
Cantor Fitzgerald & Co., the broker-dealer that lost 658 employees in the terrorist attacks of September 11, 2001, has thrown its hat into the ring for the growing market for private exchanges. The firm is forming Cantor Private Markets Group to offer clients private alternative-investment opportunities, including company stock, real estate investment trusts and private equity and hedge funds.
“We’ve been a large institutional equity house for the last 15 years, so we look at this as the natural progression of the distribution channel that we have created on a global scale,” says Cantor CEO Shawn Matthews. ....