Cantor

Opportunity to build on this solid foundation, and to expand BGC’s global presence to become the leader in the global inter-dealer voice brokerage market.”BGC will participate in conjunction with Cantor Fitzgerald, L.P. in its pledge to donate 25% of its profits through 2006 for the benefit of the families of Cantor Fitzgerald, eSpeed and TradeSpark employees lost on September 11, 2001. To date, Cantor Fitzgerald, L.P. and the Cantor Fitzgerald Relief Fund have donated $140 million to help the surviving family members.About BGC Partners, L.P.BGC Partners, L.P., named in honor of fixed income brokerage innovator B. Gerald Cantor, will provide brokerage services to wholesale fixed income, interest rate, foreign exchange, and derivative markets worldwide, as well as access to electronic trading services and technology support via eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic marketplaces and trading technology. With a concentration on providing superior customer service and seamless execution, BGC will enter the wholesale voice brokerage market with unparalleled strengths, based on decades of brokerage experience and its strong relationship with eSpeed. BGC Partners will participate in conjunction with Cantor Fitzgerald L.P. in Cantor Fitzgerald’s pledge to donate 25% of its profits through 2006 for the benefit of the families of the Cantor Fitzgerald, eSpeed and TradeSpark employees lost on September 11, 2001. BGC will have offices in London, New York, Tokyo, Hong Kong, Singapore, Geneva and Milan. The spin-off of Cantor Fitzgerald’s global voice brokerage business to create BGC Partners, L.P. will be effective October 1, 2004. To learn more, please visit www.bgcpartners.com.About eSpeedeSpeed, Inc. (NASDAQ: ESPD) is a leader in developing and deploying electronic marketplaces and related trading technology that offers traders access to the most liquid, efficient and neutral financial markets in the world. eSpeed operates multiple buyer, multiple seller real-time electronic marketplaces for the global capital markets, including the world’s largest government bond markets and other fixed income and equities marketplaces. eSpeed’s suite of marketplace tools provides end-to-end transaction solutions for the purchase and sale of financial and non-financial products over eSpeed’s global private network or via the Internet. eSpeed’s neutral platform, reliable network, straight-though processing and superior products make it the trusted source for electronic trading at the world’s largest fixed income and foreign exchange trading firms and major exchanges. To learn more, please visit www.espeed.com.About Cantor FitzgeraldCantor Fitzgerald, L.P. is a leading financial services provider to the institutional equity and fixed income markets, with products and services including sales and trading, investment banking, asset management, market data, and market commentary. For nearly 60 years, Cantor Fitzgerald, a proven and resilient leader, has been committed to delivering a unique brand of unparalleled trading and distribution services, product expertise, innovative technology and customer service to its clients around the world. This commitment also extends to numerous philanthropic endeavors, including the firm’s pledge to donate 25% of the profits it would otherwise distribute to its partners through 2006 to benefit the families of the employees lost on September 11, 2001. For more information, please visit www.cantor.com.Media

London, UK – August 17, 2004 – Cantor Fitzgerald announced today that effective October 1, 2004, it will spin-off its global voice brokerage business to form BGC Partners, L.P. BGC will provide brokerage services to wholesale fixed income, interest rate, foreign exchange and derivative markets worldwide, including unparalleled pricing and execution, as well as access to electronic trading services and technology support from eSpeed, Inc. (NASDAQ: ESPD), the leading developer of electronic marketplaces and trading technology.BGC will be a new private partnership with offices in London, New York, Tokyo, Hong Kong, Singapore, Geneva and Milan. Initially over 400 brokers will work for the partnership and its affiliates throughout Europe, the United States, and Asia. The firm will also seek to recruit, train and develop hundreds of new voice brokers as it expands in each of these regions.Lee M. Amaitis will assume BGC’s leadership as Chairman and CEO of the new partnership. Mr. Amaitis, who joined Cantor Fitzgerald in 1995 and has served as President and CEO of Cantor’s European and Asian operations, played an invaluable role in the firm’s strong profitability and the recovery of both Cantor Fitzgerald and eSpeed after the events of September 11, 2001. Mr. Amaitis has named several executives who will hold senior management positions of BGC Partners, including Shaun D. Lynn as President, and Daniel M. LaVecchia, as President, North America.Cantor Fitzgerald has long been recognized as a leading inter-dealer voice broker in the fixed income market, following the vision of Cantor founder B. Gerald Cantor to build a brokerage business based on unparalleled customer service and innovation. In the aftermath of September 11, 2001, Cantor’s business made a significant shift in the United States, placing greater emphasis on its institutional equities business and expanding into institutional fixed income and asset management. The spin-off of BGC Partners, named in honor of Mr. Cantor, will establish a new partnership focused exclusively on wholesale voice brokerage, made up of hundreds of talented voice brokers from Europe, the United States and Asia, building on the unmatched reputation for innovation and client service that Cantor Fitzgerald developed throughout the years.Commenting on today’s announcement, Mr. Amaitis said, “BGC will remain true to the original Cantor vision for a world-class voice brokerage committed to customer service and continuous innovation in the wholesale markets. Spinning off BGC will enable our team to seize the significant opportunity to expand in these markets, and allow our clients to benefit from efficiencies like seamless straight-through-processing of their transactions.”Products available through BGC will include fixed income (cash, spreads, options, and derivatives), foreign exchange (spot, forward, options and derivatives), asset-backed securities (cash, options and derivatives), and interest rate swaps (options and derivatives). With a focus on providing clients with the best execution and service possible, BGC will also employ eSpeed’s trading technology to automate the confirmation, check out, and clearance processes.Mr. Lynn added, “Cantor Fitzgerald’s voice brokerage business has been widely recognized as a major source of liquidity and wholesale market expertise. We are excited about the

Howard Lutnick became the media’s go-to talking head in those horrific days following 9/11. He was CEO of Cantor Fitzgerald, which lost a staggering 658 employees (including his younger brother) working in the top five floors of the World Trade Center’s north tower. Lutnick tearfully vowed on TV to take care of their families, and marshaled a skeleton staff of employees (who, like Lutnick, were not in the main office when the planes hit) to miraculously keep Cantor in business when the bond market reopened just two days later.The media’s lionization of Lutnick turned to harsh condemnation when the CEO previously known for his ruthlessness in business quickly cut off the paychecks of employees who died — most of whom were officially listed for months as missing.Lutnick insisted this was necessary to keep Cantor from falling into the hands of creditors, but there was also much public criticism from the families that he was moving much too slowly in fulfilling his extravagant promises.Directed by Danielle Gardner, whose brother Doug was killed in the attack, “Out of the Clear Blue Sky’’ is a compelling account of these heavily covered events, as well as the lesser-known story of Lutnick making good with a share of the firm’s profits and a decade of medical coverage for the families.Perhaps inevitably, the relentless focus on Lutnick and his family (including some cheesy re-enactments and footage of too many anniversary events sponsored by Cantor) makes this documentary sometimes seem like an infomercial.

And be able to put to market -- the product on the market?Gary S. Gillheeney -- Chairman, Director, President, and Chief Executive Officer Sure. So, we're expecting to file the BLA submission at the end of 2025. We would expect to hear from the FDA probably in Q4 of 2026, with expectation of getting approval at the end of '26, perhaps the beginning of '27. That's our current timeline, Brooks.Brooks O'Neil -- Analyst OK, great. Thank you very much.Gary S. Gillheeney -- Chairman, Director, President, and Chief Executive Officer You're welcome.OperatorThank you. One moment for the next question. And our next question will be coming from the line of Ross Osborn of Cantor Fitzgerald. Your line is open.Ross Osborn -- Cantor Fitzgerald -- Analyst Hey, guys, congrats on the strong quarter. Maybe starting off on your sales force, I would be curious to hear if you experienced any heightened levels of attrition or if retention has been pretty good through the quarter, and how that's trended year to date.Dave Francisco -- Chief Financial Officer Yeah. Actually, we did see some attrition in the quarter, but it wasn't really that significant, Ross. And we've done a nice job of backfilling those heads and seeing some good talent out there. So, we feel good about where we are right now. And again, the team executed extraordinarily well in '24. So, we're pleased. Ross Osborn -- Cantor Fitzgerald -- Analyst Yeah, glad to hear it. And then in terms of your products that were not on the covered list, any update on how those RCTs are going?Gary S. Gillheeney -- Chairman, Director, President, and Chief Executive Officer Could you repeat the question?Ross Osborn -- Cantor Fitzgerald -- Analyst Yeah. Just curious how your progress on your RCTs are going for the products not

INVENTING THE MIDDLE AGES The Lives, Works, and Ideas of the Great Medievalists of the Twentieth Century In this ground-breaking work, Norman Cantor explains how our current notion of the Middle Ages-with its vivid images of wars, tournaments, plagues, saints and kings, knights and ladies-was born in the twentieth century. The medieval world was not simply excavated through systematic research. It had to be conceptually created: It had to be invented, and this is the story of that invention. Norman Cantor focuses on the lives and works of twenty of the great medievalists of this century, demonstrating how the events of their lives, and their spiritual and emotional outlooks, influenced their interpretations of the Middle Ages. Cantor makes their scholarship an intensely personal and passionate exercise, full of color and controversy, displaying the strong personalities and creative minds that brought new insights about the past. A revolution in academic method, this book is a breakthrough to a new way of teaching the humanities and historiography, to be enjoyed by student and general public alike. It takes an immense body of l...

The share price.Korfuzi and his neighbours family and personal trainer deny any such thing. Maybe they were just hanging out. Even if they win the case, it looks like a vindication for the likes of Jamie Dimon. Separately, if your father is a broking billionaire and you're posting on LinkedIn, it's fine to say things like, “Hair is fantastic. Amazing person! Congrats my good friend!” It's also ok to spend your 20s being a DJ and rapper with lyrics like, “Until I run the game, I’ve got everything to gain.” This is the career path of Kyle Lutnick, son of Howard Lutnick of Cantor Fitzgerald. Now that Howard has joined the Trump Administration, 28-year-old Kyle and his 27-year-old brother Brandon, have been made executive vice chairman and CEO of Cantor controlling company BCG Group Inc. It's not clear how other Cantor employees feel about this. In other nepo news, Josh Gilinski the son of banking billionaire Jaime Gilinski Bacal, who owns Metro Bank in the UK, has got bored of his $63m Los Angeles mansion with its 115-foot infinity pool. Josh reportedly spent six years designing and building the home, but never actually moved in. He's described as a financier and entrepreneur.Meanwhile...Citi will no longer have aspirational representation goals unless required by local law. Nor will it require “diverse slates of candidates and diverse panels of interviewers”. (Financial Times) Citi is renaming its “Diversity, Equity and Inclusion and Talent Management” team to “Talent Management and Engagement.” (Bloomberg) Millennium paid $100m