Cantor to acquire Canaccord Genuity Group's U.S.-based Global Wholesale 
Market Making Business 
 
 
   PR Newswire 
 
 
   NEW YORK, April 1, 2025 
 
 
   NEW YORK, April 1, 2025 /PRNewswire/ -- Cantor, a premier investment 
bank, today announced it has entered into a definitive agreement to 
acquire Canaccord Genuity Group's U.S.-based wholesale market making 
business, which specializes in U.S. OTC wholesale market making, 
including global equities and ADRs. The addition of this highly 
complementary business will further support Cantor's growth efforts and 
create strategic synergies across its Equities franchise. 
 
 
   "We are committed to strategically growing our global equities franchise 
and look forward to welcoming this well-established, experienced team of 
professionals to our firm," said Pascal Bandelier, Co-CEO and Global 
Head of Equities at Cantor. "We plan to scale this business to ensure 
our clients have access to a more diversified range of products, helping 
them create value in all market conditions and across a growing global 
footprint." 
 
 
   Cantor's Equities and Equities Prime businesses experienced remarkable 
growth in 2024, more than doubling revenues year over year. This success 
was driven by strong diversification across its existing businesses, as 
well as new and emerging product lines, including global Direct Market 
Access $(DMA)$ trading and U.S. swaps. Reflecting this momentum, Cantor 
ranked 9th by volume traded in U.S. equities as of March 31, 2025, 
according to Bloomberg, up from 31(st) in 2023. 
 
 
   The wholesale market making business will be led by John Gillespie and 
John Leitch, reporting to Mr. Bandelier. Mr. Gillespie and Mr. Leitch 
have spent more than 15 years at Canaccord Genuity. Prior to that they 
were at Natixis Bleichroeder. 
 
 
   The business and its clients will continue to be fully supported by 
Canaccord Genuity LLC until completion of the transaction. Completion is 
subject to customary closing conditions and is expected to occur by the 
fourth quarter of 2025. Cantor and Canaccord Genuity will work closely 
together to ensure a seamless transition with no impact to client 
service. 
 
   About Cantor 
 
 
   Cantor, a premier global investment bank, is a part of the Cantor 
Fitzgerald group of companies. Founded in 1945, Cantor delivers 
unparalleled sector expertise, innovative products, and tailored 
solutions across a broad range of financial services, including 
investment banking, capital markets, fixed income and equities sales and 
trading, prime services, research, and asset management. Headquartered 
in New York, the firm has more than 60 office locations worldwide. 
 
 
   For more information, please visit www.cantor.com. 
 
 
 
 
 
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   SOURCE Cantor Fitzgerald & Co. 
 
 
 
 
 
 

(END) Dow Jones Newswires

April 01, 2025 08:38 ET (12:38 GMT)