The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Ones to watch


Cantor Fitzgerald’s eSpeed is already widely respected as a fixed income interdealer trading platform, handling trading volumes of $200 billion. Now it has entered the foreign exchange industry, and the results could be interesting.

The design and functionality of the trading screens provide all the robust performance and customizability that users of the bond trading platform have come to expect, complete with streaming dealable prices. And the two product groups can be combined onto one trading page.

The trading system operates on an unusual model whereby eSpeedFX is the central counterparty, so all trading is anonymous. This kind of system would not have been possible before Continuous Linked Settlement was launched in 2002. Most other platforms that have challenged the prevailing bilateral trading models have found it difficult to get bank backing or buy-side volumes, but they have not had the brand name and reputation of eSpeed.

The number and types of user on this platform are unlimited, but it is likely to be most appropriate for high-speed, high-volume clients such as bank proprietary trading teams, black-box clients and hedge funds. Seven hundred client firms already use the terminals for fixed income, so eSpeed is likely to target them first.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree