eSpeed launches spot FX

Broker and eSpeed parent company Cantor Fitzgerald acts as an intermediary on the platform, dealing with liquidity-providing banks on behalf of clients such as hedge funds, money managers, and futures firms.

Nigel Renton, managing director, FX, at Cantor Fitzgerald in London, described the spot FX platform as "infinite prime brokerage". Under a typical prime brokerage arrangement a bank would allow clients to use its name to trade with around five named counterparties. eSpeed's relationships