Cantor Market Data Announces Agreement with CQG To Provide Real-Time Pricing and Historical Data

Distribution agreement to meet market demand for fully enhanced, real-time analytics using market leader's live prices for fixed income

NEW YORK, NY September 4, 2002 - Cantor Market Data, a subsidiary of Cantor Fitzgerald and the exclusive source of real-time fixed income pricing and data derived from eSpeed for U.S. and European Government Securities, today announced an agreement that will provide its live pricing and historical data to CQG, a leading real-time, graphic-enhanced quotation data vendor, to be used in conjunction with its analytic tools.

The agreement will give CQG's customers the ability to feed Cantor Market Data's live and historical prices, derived directly from the largest pools of liquidity for US Treasuries, European Government Bonds and Eurobonds among other fixed income instruments, into CQG's own intelligent quotation, charting and technical-analysis tools.

Jeff Bandman, Senior Vice President, Cantor Fitzgerald and Head of Sales, Content & Operations, Cantor Market Data commented, "CQG is considered one of the premier analytics tool providers in our market and therefore an ideal partner for Cantor Market Data. We expect this new distribution channel will meet the increasing demand for analytics in the market, where full coverage of the fixed income arena has become vital."

"For almost 30 years, Cantor Fitzgerald, from its position as the leading broker in US Treasuries, has provided reliable and accurate real-time data for a broad range of benchmark products to a range of market professionals," said Harry Fry, Senior Managing Director of Cantor Fitzgerald and Global Head of Cantor Market Data. "We are delighted to expand the distribution of this valuable information to CQG's customers."

"CQG is pleased to have the opportunity to provide our customers with live and historical pricing from Cantor Market Data, the highly regarded source for global government bond prices," said Eugene Sorenson, Director of Marketing at CQG. "The integration of Cantor Market Data's prices and data with CQG's graphics provides traders with powerful analytical tools. This agreement enhances the value of CQG to the Fixed Income trader."

Cantor Market Data will feed its live US Treasury prices to CQG starting in late October, and expand to offer its additional products in November.

About Cantor Market Data
Cantor Market Data is a subsidiary of Cantor Fitzgerald and the exclusive source of real-time fixed income pricing and data derived from eSpeed for U.S. and European Government Securities. Cantor Fitzgerald first pioneered live pricing data for fixed income markets 30 years ago, and Cantor Market Data now boasts the highest volume of any data source, with data priced from $200 billion in daily fixed income transactions. Cantor Market Data is available on Bloomberg, Reuters, Thomson ILX and on our website, www.cantordata.com. Volume users may also subscribe to Cantor Direct, a direct feed from Cantor Market Data. For more information, call 212-829-4840 or visit our website at www.cantordata.com.

About CQG
CQG is a decision and execution platform for traders. It offers a real-time graphic-enhanced quotation system with an accurate historical database. CQG provides sophisticated software and efficient, reliable market data, including: U.S. and international futures and options, equities, cash data for foreign exchange, U.S. and international debt securities, energy, metals, and government/industry reports and indices. CQG also features Dow Jones news. The company was founded in 1979 on the principle of empowering traders to make better decisions by providing accurate market data through a powerful quotation and graphic software package, and a commitment to superior customer service. For more information call CQG at 1.800.525.7082 or visit our website at www.cqg.com.

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