Devastated Bond Firm Moving Unit to Britain
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Cantor Fitzgerald, the bond trader that lost more than 730 employees in the attack on the World Trade Center, told the five surviving members of its corporate bond group it will move the department to London.
“We have been offered to move to London,” said Richard Berman, a member of the group.
Mike Holloway, a spokesman for the firm, declined to comment. The firm, which was on the 101st, 103rd, 104th and 105th floors of the trade center, is trading government bonds out of temporary offices.
The 56-year-old Cantor partnership, a broker for other brokers, handled about one-quarter of the daily trades in the $3-trillion U.S. government bond market.
Cantor and its subsidiaries, TradeSpark and ESpeed Inc., employed 970 people in the World Trade Center.
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