New moves for Cantor Fitzgerald
The company is using its technology to allow Nevada sports gamblers to bet on individual plays during games. It hopes to expand the service to other gambling locations.
Cantor is expanding its West Coast presence with new hires in Los Angeles. One goal: to put together buyout funds and other deals for wealthy investors.
A Public Offering
Lutnick took BGC Partners public through a merger in 2008. If all goes well, he'd like to see Cantor have an IPO within two years: "You have to make your people happy."
BGC Partners invests $100 million a year to build on the market strength it has gained through proprietary electronic trading technologies such as eSpeed.