FX Markets

Cantor names new executives

NEWS

NEW YORK -- Cantor Fitzgerald has named new managers to its sister business eSpeed to replace those lost in the World Trade Center tragedy. The broker lost nearly 700 of its 1,000 staff in the tragedy, which has now claimed more than 6,000 lives.

Howard Lutnick, chairman and chief executive, takes on extra responsibilities as president. He paid tribute to former president and chief operating officer Frederick Varacchi, one of Cantor’s many lost staff. "eSpeed was Fred’s company and it will

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