Cantor Fitzgerald
Cantor FITS^sm (Fixed Income Trading System)

Cantor FITS^sm (Fixed Income Trading System) is an innovative, Internet-based Repo information and transaction system that delivers data and provides state of the art technology to match our clients’ needs while offering unmatched liquidity in the repo market. Cantor FITS^sm provides institutional clients with trading solutions, the ability to conduct electronic transactions, access to commentary and analysis of a range of repo products through Cantor’s own proprietary platforms. Cantor FITS^sm provides institutional traders with dynamic, cutting-edge tools that put the global repo market at their fingertips.

Using best-of-breed electronic trading technology, Cantor FITS^sm offers our clients full views and electronic bidding for a full suite of Cantor Fitzgerald’s Repo desk rates, including:

• US Treasury Specials
• Agency Term Debenture Specials
• US Treasury General Collateral
• Agency Debenture General Collateral
• MBS General Collateral
• Agency CMO General Collateral
• Private Label CMO/Arm General Collateral
• Asset Backed General Collateral
• CMBS General Collateral
• Corporate Bonds
• Equity (by Cantor Equities)
• Structured Repo (index floating)
• Imbedded Derivatives Repo
• Municipal Reinvestment/Flex Repo products.

Cantor FITS^sm also offers Direct Dealing functionality that allows customers to submit a request for quote for specified sizes and dates and provides access to competitive markets directly from the Cantor Repo desk.

Electronic Execution Capability, Real-Time Market Intelligence

Cantor FITS^sm allows authorized customers to view live offerings and electronically execute transactions in repurchase agreements among a variety of collateral products and market segments including overnight, treasury, term, agency benchmark specials and general collateral.

Cantor FITS^sm provides rapid publishing of timely market commentary for clients who demand unbiased, insightful analysis to make more informed trading decisions. The commentary encompasses analysis of the global economic outlook, expert market insights and strategies. Additionally, Cantor FITS^sm offers trade and position management. This real-time market data system is available to customers through the Cantor Fitzgerald web-based portal.

Cantor Fitzgerald: Repo & Securities Lending Expertise

In 2003, Cantor rolled out its Debt Capital Markets division to complement its successful institutional equities business. Cantor’s Repo & Securities Lending desk is part of the larger Debt Capital Markets division, which provides sales, trading and other institutional services to global capital market participants on a principal basis. Products include Finance and Repos, Global Futures, Investment Grade Corporates, Mortgage Backed Securities, Agency Securities, Municipal Bonds and High Yield Distressed Debt.

The Repo & Securities Lending Group has been an instrumental part of the Debt Capital Markets division, entering the industry with a strong and growing balance sheet, a customer driven business model and unmatched technology in the fixed income industry.