Cantor firm flotation

The most poignant flotation of 2006 is likely to be that of BGC Partners, the London-based brokerage business of Cantor Fitzgerald.

According to the Daily Telegraph today, the float will coincide with the fifth anniversary of the 9/11 terrorist attacks on the World Trade Centre in New York in which Cantor lost more than 600 employees. The New York business was devastated and Cantor’s London office was crucial in keeping it alive.

The resulting windfalls for London employees will have been well earned.  Good luck to them.

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