Nasdaq trading in eSpeed stock halted

Nasdaq trading in eSpeed stock halted

ESpeed, the Cantor Fitzgerald subsidiary which operates an electronic trading platform for the fixed income market, has asked Nasdaq to temporarily halt trading in its common stock.

In a statment, Howard Lutnick, chairman of eSpeed, comments: "In light of the heavy loss of life among employees of eSpeed and Cantor Fitzgerald, the number of our senior management and other valued employees who remain missing and unaccounted for and the destruction of our New York offices, we have requested and received from The Nasdaq Stock Market a temporary halt in the trading of our Class A Common Stock on the Nasdaq National Market pending further announcements."

He says the company is still trying to evaluate the scale of the impact on eSpeed's business. A further announcement is expected within the next ten business days.

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