12 December 2017
visit http://response.ncr.com

Espeed reports drop in total transaction volume

10 December 2001  |  2817 views  |  0 Espeed reports drop in total transaction volume

ESpeed, the electronic trading arm of Cantor Fitzgerald, is reporting a four per cent drop in third quarter total electronic transaction volume.

The company, which lost 180 staff during the 11 September attacks on the World Trade Centre, reports that fully electronic volume was $4.4 trillion in the third quarter 2001, a 26 percent increase versus $3.5 trillion for the same period last year. In July and August of 2001, fully electronic volume increased 49 percent and 48 percent, respectively compared to July and August of 2000. During September 2001, fully electronic volume decreased 8 percent versus 49 and 48 per cent spikes in the traditionallly quiet summer months of July and August.

ESpeed's third quarter 2001 total electronic volume was $7.5 trillion, with more than 830,000 transactions executed. The total electronic volume decreased 4 percent versus the third quarter 2000 while total electronic transaction count increased by 13 percent during the same period.

Howard Lutnick, chairman, CEO and president of eSpeed, comments: "In spite of the tragic events of September 11th, eSpeed remains the dominant player in many electronic trading markets."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Easyscreen losses down as eSpeed contract comes good

Easyscreen losses down as eSpeed contract comes good

22 November 2001  |  2445 views  |  0 comments
Dow Jones takes Cantor bond data wrangle to court

Dow Jones takes Cantor bond data wrangle to court

14 November 2001  |  2481 views  |  0 comments
Reuters to distribute Cantor Fitzgerald pricing data

Reuters to distribute Cantor Fitzgerald pricing data

25 October 2001  |  3729 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.solutions.lexisnexis.comvisit http://info.nice.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11771 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8609 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7055 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6778 views comments | 20 tweets | 11 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
6619 views comments | 17 tweets | 35 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job