Cantor Fitzgerald Opens New Office in Zurich, Switzerland

Cantor Fitzgerald, a leading financial services provider to the
institutional equity and fixed income markets and one of 21 financial
institutions designated as a primary dealer in the United States,
today announced the opening of a new office in Zurich, Switzerland,
further expanding its global footprint within the world's financial
markets.

The new office is based in the heart of Zurich's financial
district at Bahnhofsstrasse 64 and opens specifically to meet the
demands of new and existing clients in the global cash equity and
equity derivatives markets in Zurich and the rest of central Europe,
including hedge funds, asset managers and pension funds.

Gilbert Fischer and Oliver Dufek, both Managing Directors at
Cantor Fitzgerald, will jointly head up the office and be responsible
for spearheading the expansion of the group's European institutional
equity business. Fischer, previously at Dresdner Kleinwort, Cazenove
and UBS, and Dufek, previously at Dresdner Kleinwort and Cantor
Fitzgerald in London, have over 20 years financial markets experience
between them and will initially lead a team of 12 with a view to
expanding further over the coming year. They will report to Didier
Bensadoun, Global Head of Equity Derivatives and Elon Spar, Chief
Executive for Europe and Asia.

Cantor Fitzgerald sees Zurich as an important centre from which to
serve its clients locally and will look to further expand its existing
product lines. With the addition of Zurich to its global network,
Cantor Fitzgerald now has 28 offices around the world.

Commenting on the launch, Gilbert Fischer said, "We are delighted
to be opening a new office in the heart of Zurich, a key location for
us in serving our clients. This new office will enable us to offer a
local service that will benefit both our clients and our business."

Dufek added: "Our local presence and knowledge of the markets will
enhance our existing offering, including alpha generating ideas,
portfolio analytics and optimisation, to existing and potential
clients. We look forward to working with them across the region."

Elon Spar, Chief Executive of Cantor Fitzgerald for Europe and
Asia said, "The opening of our Zurich office represents a growing
demand from new and existing clients for our services and is key to
our growth as we look to expand further in Europe."

About Cantor Fitzgerald

Cantor Fitzgerald Europe is a leading financial services provider
to the institutional equity and fixed income markets, with products
and services including sales and trading, investment banking, asset
management, market data, and market commentary. For nearly 60 years,
Cantor Fitzgerald, a proven and resilient leader, has been committed
to delivering a unique brand of trading and distribution services,
product expertise, innovative technology and customer service to its
clients around the world.

For more information, please visit www.cantor.com.