Cantor Fitzgerald & Co. Signs an Agreement with S&P Capital IQ to Exclusively Provide Global Equity Research Services to Cantor's US Institutional Clients
NEW YORK, September 28, 2011 /PRNewswire/ --
Cantor Fitzgerald & Co., a leading global financial services firm, and S&P Capital IQ, a leading independent provider of multi-asset class data, research and analytics, today announced an exclusive relationship to provide a custom package of S&P Capital IQ equity research products and services to Cantor's institutional clients in the U.S. with additional global licensing rights. This deal further augments Cantor's existing primary equity research offering, complementing its sales and trading business in order to enhance its platform and institutional distribution capability.
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"We are pleased to be partnering with S&P Capital IQ to provide institutional equity research and services to our clients through this landmark agreement in the research community," said Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co. "Wall Street has long placed a premium on financial firms that are increasingly able to provide a wide breadth of products and services for their clients. As we augment Cantor's current equity research platform with S&P Capital IQ's award-winning independent research, we're uniquely positioned with the appropriate breadth, depth, size and scalability as a leading provider of first class research and services that adds value to the institutional buy-side community."
"Our agreement with Cantor Fitzgerald provides S&P Capital IQ with a significant opportunity to deliver our award-winning equity research to the institutional marketplace and expand our reach to hedge funds, asset managers and pension funds," said Lou Eccleston, president of McGraw-Hill Financial, which operates S&P Capital IQ.
Cantor will distribute and market co-branded S&P Capital IQ global company equity research, strategy research, and Industry Surveys produced by the research group ranked No. 1 by The Wall Street Journal's Best on the Street Survey(1) for 2010.
Under the agreement, Cantor's clients will have direct access to S&P Capital IQ's equity analysts, S&P Capital IQ hosted issuer meetings, plus other industry and corporate events, including analyst events, seminars and investment conferences.
Additionally, Cantor Fitzgerald is further expanding its distribution efforts by providing institutional equity research sales coverage, spearheaded by P. Mark Martini, Global Head of Equity Research Sales & Product Distribution, to distribute and market both S&P Capital IQ's equity research products and services and Cantor's existing Primary Equity Research product.
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services firm at the forefront of financial and technological innovation, has been a proven and resilient leader for over 65 years. Cantor is continuing to grow its capital markets and investment banking businesses. Serving more than 5,000 institutional clients around the world, Cantor is recognized for its strengths in institutional equity and fixed income sales and trading and for its expanding presence serving the middle market with investment and merchant banking services, prime brokerage, and commercial real estate financing. Cantor Fitzgerald also is a leader in new businesses and marketplaces including gaming technology, e-commerce, insurance and other ventures. Cantor Fitzgerald & Co. is one of 20 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald's 1,400 employees serve clients through 30 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information please visit http://www.cantor.com.
Note to Editors
Cantor Fitzgerald, L.P. is the parent entity of Cantor Fitzgerald & Co.
About S&P Capital IQ
S&P Capital IQ,a brand of the McGraw-Hill Companies (NYSE: MHP), is a leading provider of multi-asset class data, research and analytics to institutional investors, investment advisors and wealth managers around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Securities Evaluations, Global Data Solutions, and Compustat; and research offerings including Leveraged Commentary & Data, Valuation & Risk Strategies and S&P Equity Research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need.
(1) S&P is providing its written reports to Cantor Fitzgerald as an independent third-party research provider. For more information regarding the selection criteria for the WSJ award, see the following link: http://spbestonthestreet.com/
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